The solid start to the trading week has tripped a little bit here in Asia with local and Japanese bourses putting in scratch sessions with gold heading below $1700USD per ounce as oil prices continue to fall.
The Shanghai Composite is flat going into the close, currently at 2813 points while the Hang Seng Index is having a much better session, currently up 1% to 24544 points, as daily price action bounces off the recent daily lows in attempt to break the the previous highs:
Japanese share markets have stalled out with the Nikkei 225 closing a handful of points lower to 19711 points, still shy of the psychologically important 20000 point level as the USDJPY pair remains depressed here just above the 107 handle amid growing macro concerns around the Japanese economy:
The ASX200 also lost some ground in a gyrating session, up nearly 1% at the open and down the same towards the close, it eventually finished only a few points lower at 5313, as the Aussie dollar failed to advance any further on its strong rally from Friday night, stalling here at the 64.50 level:
Eurostoxx and S&P futures are flat lined too, down about 0.1% going into the London open with the four hourly chart of the latter showing a potential return to the sub 2900 point high reached a couple weeks back:
