The European and American losses that occurred yesterday continued throughout the Asian session with the Nikkei falling to a 1 month low as risk-averse investors pull their positions and seek safe havens due to the flared up issues that surround Ukraine and the slowdown in China. The Dow Jones dropped over 230 points throughout its session yesterday; a drop that has been mainly blamed on the slowdown in China after a warning was released saying its economy faces “severe challenges” throughout the year. It looks as though investors have sought safety in the Yen and Gold with both rallying as global stocks sank.
The FTSE 100 is set to open around 30 points lower this morning however with quite a thin economic calendar; bourses could take this opportunity to regain yesterday’s losses.