Shanghai is almost 2% lower, HK is 1% down and the Nikkei and Kospi are over 0.5% lower. The Australian and Singaporean markets are bucking the trend, currently over 0.3% higher.

Gold is at $1725/oz and Oil at $99.65/bbl.

The Main FX pairs are trading at mid-range levels for the session with the AUD/USD at 1.0040, having been 45 pips lower and higher, and EUR/USD is at 1.3335, in the middle of an uninspiring 50 pip range. USD/JPY has slipped back to 77.90 as those who had hoped for some intervention throw in the towel earlier than usual.