A US government shutdown, slumping vehicle sales, Aussie trade deficit double what was expected (and building approvals tumbled), Asian growth expectations being cut, and Japan's monetray base is up 46.1% YoY (versus 42.0% exp.)... Japanese stocks are down over 400 points from the US day session highs, falling for the 4th day in a row (down 4.8% from the highs last week) as the third arrow confusion reigns taking the Nikkei 225 back to 3 week lows. The Rupiah (Indonesia) and Baht (Thailand) are weakening (bucking the 3-day weakness in the USD) and Indonesian (+10bps), Aussie, and Kiwi bonds are leaking higher in yield. In general, AsiaPac equities are holding modest gains but Singapore and Japan are taking it on the chin... S&P futures -5 from day-session highs.
Down 4.8% from its highs last week, the Nikkei is getting no help from the US shutdown...
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This is the first 4-day losing streak in 2 months...
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Also seems like USDJPY is at a precarious place... it seems that now decisions have been made on the sales tax rise and the stimulus offset that investors are fearsome that they won't see any more...
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Chart: Bloomberg