Asian stocks continue the week’s declines, Nikkei ticking into ¥21,100.00

• Pacific markets are extending Wall Street’s declines as investors remain trepidatious.
• Risk appetite has vanished as traders get let down by China’s Xi.

Pacific session equities are following Wall Street’s lead, heading lower as market participants continue to fear a steepening global economic slowdown. Wall Street slid back on Monday, and Asia’s early session is extending the slide, fueled by China’s Xi Jinping, who gave a keynote speech but stopped short of introducing any new fiscal measures to help prop up the Chinese economy, and the lack of stimulus from China is seeing investors withdraw further into their safe havens, sending indexes lower as risk appetite continues to shrivel.

Asian indexes are largely red across the board for today, with Japan’s Nikkei 225 declining -1.70% and Tokyo’s Topix index retreating -1.80%, while Hong Kong’s Hang Seng is down -1.40% and Shanghai’s CSI Composite sees -1.25% on the day. Australia’s ASX 200 index is also down -1.25%, while emerging markets remain on-balance but limited, with the broad Asia-Pacific MSCI index in the green for a scant 0.25%.

Nikkei 225 levels to watch