Asian markets mostly slide as China optimism fades

Japan +0.30%. Japan Jibun Bank August Services PMI 54.3; Japan data – July Household spending -2.7% m/m (expected +0.7%)

China -0.71% Chinese Caixin Services PMI for August 51.8 (expected 53.6, prior 54.1); PBOC sets USD/ CNY central rate at 7.1783 (vs. estimate at 7.2703)

Hong Kong -1.56%

South Korean August CPI has risen at its fastest m/m rate since January 2017

India +0.23%. The S&P Global India services Purchasing Managers’ Index fell to 60.1 in August from 62.3 in July.

Australia -0.24%. Australian data, Q2 Current Account +7.7bn AUD (vs. expected +8.1bn AUD); Australian final PMIs for August: Services 47.8 (prior 47.9) Composite 48.0 (prior 48.2); ANZ Roy Morgan weekly consumer confidence 78.7 (prior 78.1)

New Zealand data – ANZ Commodity Price Index for August -2.9% m/m (prior -2.6%)

Currencies: (Japanese Yen / US Dollar (JPY:USD)), (Chinese Yuan / US Dollar (CNY:USD)), (Australian Dollar / US Dollar (AUD:USD)), (Indian Rupee / US Dollar (INR:USD)), (Hong Kong Dollar / US Dollar (HKD:USD)), (New Zealand Dollar / US Dollar (NZD:USD)).

ETFs: (JEQ), (EWJ), (DXJ), (FXY), (FXI), (KWEB), (CQQQ), (MCHI), (ASHR), (YINN), (TDF), (CHIQ), (GXC), (EWH), (KBA), (YANG), (CXSE), (CAF), (CWEB), (PGJ), (KURE), (CHIX), (CYB).