The Nikkei has opened down 0.12% taking a lead from the fall on Wall St. A slightly weaker Yen may help the exporters but the negative impact of US stocks falling on concerns about consumer spending, will keep the Japanese index under pressure.

Investors will be looking to see how JAL reports today, along with a number of banks including Mizuho Financial Group.

Elsewhere in the region, the ASX200 is down 0.7%.