Whilst there were plenty of winners and losers yesterdays – especially in stock markets (Korean steel makes for example were big winners) – one gets the feeling that Asia’s preference is to put on the “hard hat.” The latest explosion at the Fukushima nuclear plant this morning has regional equity bourses all in negative territory despite some posting solid gains on the open only to quickly give them back. In FX land US Dollar buying has been prominent against AUD and regional Asia currencies whilst the Euro and the JPY have remained steady.