July 28, 2015

"Japan’s Nikkei share average dropped to a more than two-week low on Tuesday as investors worried that a fresh rout in Chinese shares would damage China’s economy and as commodity prices tumbled."

Financial Express The Nikkei share average fell 1.1 percent to 20,132.12 by mid-morning after falling to as low as 20,070.62, the lowest level since July 13. via Reuters

'The dollar was under pressure as China jitters spurred flows into safe haven assets such as the yen, while commodities including oil and copper weakened amid fears of a collapse in demand from China if the stock market rout damages the broader economy.

'“Just like investors unwind their positions in the dollar and commodities, they avoid all risky assets including stocks,” said Nobuhiko Kuramochi, a strategist at Mizuho Securities.

'Market observers said that investors will stay jittery and see how China’s regulators will try to counter the rout.'

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