Japanese industrial production slides

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By Chris Becker

The roll-on in key data continues today, with Japan announcing June final industrial production numbers at -1.5% year on year, with the May figures at -2% year on year: 

The spike earlier in the year has gone. So now two of the world’s biggest economies look set to slow. As a result, Asian equity markets are all sliding today, with Japanese bourses down 0.6 to 0.8%, mainland Chinese markets off 0.5 to 0.7% and our own ASX200 down over 0.5% so far.

The AUD/USD is getting hit today, mainly on the back of the Chinese trade figures:

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Chris Becker is an investment strategist at Macro Investor, Australia’s leading independent investment newsletter covering stocks, trades, property and fixed interest. Each week Macro Investor publishes tables on the top ten most undervalued and overvalued stocks on the ASX. A free 21-day trial is available at the site.

You can follow Chris on Twitter.

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