Asian stocks mostly in the red following Chinese Downgrade- Nikkei 225 slips

Earlier today the global ratings agency, Fitch downgraded their credit rating outlook for China to negative. To be honest no one is especially surprised by that and it has come after the horse has already bolted in that sense. Nevertheless, it has dented the Chinese stock markets this morning and the Nikkei 225 is lower this morning too. The outlier in that sense is the HANG SENG in Hong Kong. The move lower in the Nikkei comes after another mixed close in the US last night, but more on that a little later, in an update to follow. The modest fall in the Nikkei 225 today is set against the backdrop of a USD/JPY that has remained closed to its current 2024 highs in Asian trading