Asia lower again this morning, mainly on concerns on Chinese growth after the IMF said that the economy is making a soft landing, but significant downside risks remain. Japan unexpectedly reported a trade surplus, and the country’s finance minister said FX intervention last year was effective and indicated they won’t hold back on easing if required. South Korea consumer confidence data came at 5 month lows, and warned on a worsening outlook.

 

Posted by Philip Ball | Sales and Trading