AsiaPac Stocks Tumble After Japan GDP As China Trade Data Looms

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)