 The financial markets are generally in risk-off mode in Asia, following the selloff in US overnight. Worries over a double dip recession increased after initial jobless claims unexpectedly rose for the first time in nearly four months. Selloff was most serious in NASDAQ,, which closed down -2.29% just after making another record high earlier this week. DOW also lost -1.31% while S&P 500 ended -1.23% lower. Tech stocks were plunged with Apple, Microsoft and Amazon all dropped by around 4%. Sentiments are additionally weighed down by intensifying US-China tensions. China finally delivers the promised retaliation to US closure of its Houston consulate general. At the time of writing, Hong Kong HSI is down -1.83%. China Shanghai SSE is down -2.25%. Singapore Strait Times is down -1.31%. Japan is still on holiday today. In the currency markets, Australian Dollar leads commodity currencies lower. Yen and Swiss franc are the strongest, followed by Euro and Dollar. Technically, USD/JPY finally broke 106.63 support. 106.07 looks vulnerable now and break will extend whole pattern from 111.71 to 105.20 fibonacci level. Gold is also a focus as it's heading to 1920 record high with solid momentum. | 
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