A softer tone in Asia as US gains overnight fail to translate
Asian equities are mostly lower with Chinese stocks once again slumping, failing to build on the rebound yesterday following the recovery after the Turkey jitters.
The Hang Seng is down 1.5% while the Shanghai Composite is down 1.1%. With US futures also keeping on the defensive, this is setting up more of a cautious and slightly risk-off tone ahead of European morning trade.
NZD/USD is down to session lows around 0.7080 now as AUD/USD also drops to fresh lows in nearly two weeks below 0.7700.