Asian equities weaker despite central bank action
ECB stimulus and the RBA cutting rates - and diving into QE - is not enough to turn the tide in the market so far today, as Asian equities fall once again.
In Japan, Softbank is the big drag as shares closed 17% lower - the biggest drop since its IPO all the way back in 1994. Elsewhere, the Hang Seng is down by 2.9% while the Shanghai Composite is down by 1.2% currently.
US futures are also down by about 3% on the day so far but USD/JPY is trading higher at 108.88 after an earlier surge to 109.55 as the rush for dollar continues.
