Two factors are combining to make stock markets nervous in today’s session here in Asia with news regarding the ill health of Kim Jong Un and the chaotic nature of oil prices. The Shanghai Composite is down over 1% going into the close, currently at 2819 points while the Hang Seng Index is down twice that, off by 2% to 23834 points, as price starts to rollover here on the daily chart:
Japanese share markets also joined in the risk off mood with the Nikkei 225 eventually closing 2% lower to be remain well below the 20,000 point level, closing at 19280 points, while the USDJPY pair is drooping down towards the 107 handle as Yen buying firms up:
The ASX200 was again the biggest loser, closing nearly 2.5% lower at 5221 points, with the Aussie dollar slipped to the low 63’s vs USD with momentum indicating a proper inversion is underway with support not far away at 62.50:
Eurostoxx and S&P futures are off by nearly 2% going into the European open with the four hourly S&P futures chart ready to breakdown and confirm the bearish rising wedge that has been building during this relief rally:
