Japanese markets are closed, but here's an update for the other Asian equity markets

  • Hang Seng +0.87%
  • Shanghai Composite +1.06%
  • CSI 300 +1.56%
  • Kospi +1.28%
  • Taiex +0.48%
  • ASX 200 -0.30% (closed at 5,820.70)

Apart from Australia's ASX 200, other markets in Asia Pacific are performing decently on the day so far. The calm and collected mood in Asia bodes well for European equity traders, and risk sentiment in general.

More importantly, US equity futures are holding up on the day as well. The S&P 500 futures are up by almost 0.7% and that's helping to ease worries, for now. Though, it's still early in the day - and all the wild moves tend to happen when US markets open anyway.

Treasury futures are down on the day, and if that is any indication to go by, the cash market will open lower as well later - which would boost yields.

And with higher bond yields, well, we all know the story by now.