Epic Research

Monday, January 16, 2017

Asia lower, Chinese markets down more than 1% in early trade

Asian Market 1
Asia markets were tested on Monday as the British pound fell more than 1 percent on fears preparing the United Kingdom is ready for a hard exit from the European Union, while shares of Japanese airbag maker Takata tumbled more than 8 percent.
Nintendo shares extended Friday’s loss of more than 5 percent to trade down 2.21 percent. The storied Japanese gaming giant released details about its upcoming next-generation gaming console – Nintendo Switch – last week, but investors were unimpressed by the higher-than-expected pricing.

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