The Nikkei falls to near one-month lows
A rough day for Asian equities as the decline in US stocks yesterday, as well as US futures today, is keeping risk sentiment in a rough spot at the moment.
Of note, the Nikkei also closes below a key trendline support and that might see sellers keep the momentum. But a lot will ride on Fed chair Powell’s speech later today.
Elsewhere, the Hang Seng is down 2.4% and the Shanghai Composite down 2.1%. Meanwhile, S&P 500 futures are down 0.5% and Nasdaq futures down 0.8%.