A torrid session for Asian stocks following negative tones in Wall St on Friday
Asian equities are carrying over the glum mood seen at the end of last week as global growth fear continues to reverberate into the new week. Worries about a recession saw bonds rally on Friday and we're seeing a bit more similar tone in stocks to start the week.
Currencies are more calm though, despite US equity futures being 0.4% lower, with USD/JPY recovering off the lows to stay near the 110.00 handle now. Most other major currencies are also rather unchanged against the dollar with Treasury yields staying more calm for the time being.
Let's see if we'll get any further continuation of the risk-off tone in the session ahead.
