Risk assets are hurting pretty badly on the day
- Hang Seng -1.6%
- Shanghai Composite -0.7%
- CSI 300 -1.0%
- Kospi -0.5%
Besides that, oil is down by 1.2% as well and US equity futures are also lower by 0.8% as we move towards European trading. It's all about the weak Chinese trade figures earlier and that's weighing on sentiment as we begin the session.
European stocks should pick up the baton from Asian stocks momentarily and that will mean further pressure on yen pairs and the likes of the aussie and kiwi to start the morning.
