Equity indices in the Asia-Pacific began the week on a sharply lower note.
South Korean truckers remained on strike for the seventh day in a row.
South Korea’s exports through the first ten days of June were down 12.7% yr/yr while chip exports increased 0.8% yr/yr.
Continued weakness in the yen briefly sent the Japanese currency to its lowest level since 1998 against the dollar while Bank of Japan Governor Kuroda repeated that the BoJ will continue its ultra-loose policy.
Japan’s Nikkei: -3.0%
Hong Kong’s Hang Seng: -3.4%
China’s Shanghai Composite: -0.9%
India’s Sensex: -2.7%
South Korea’s Kospi: -3.5%
Australia’s ASX All Ordinaries: -1.3%