Following a modest revision to Japanese GDP (still -1.1% and recession-y) and with all eyes glued to China’s trade data, Chinese and Japanese stocks are not folowing the panic-buying short-squeeze-driven lead of US equities. Both are down hard in the early AsiaPac trading (with China down for the first time in six days post-G-20).
It’s not working Mr Kuroda…
And the markets are starting to realize it…
This is China’s first losing day in 6 since the G-20 meeting ended such a dud…(and the world rallied on ECB hope)
Charts: Bloomberg
via Zero Hedge http://ift.tt/1QD5kVm Tyler Durden