The ever volatile Shanghai Composite is off 1.8% at the moment with investors focussing on upcoming August data. Analysts say even though earnings for more many listed companies have been better than expected, a base for a recovery in corporate performance was not yet solid. Chinese newspapers this morning have reported six stock funds would be launched in September, thus providing a boost to liquidity.
Elsewhere, the Nikkei is up 0.5%, Kospi up 0.4% and ASX200 up 0.5%.
Yen crosses have peeled back a touch with EURJPY back to find some support mid range at 134.50 and AUDJPY finding buyers back towards 78.50.
