Japan

•    NKY-1.66%, TPX -1.27%

•    NKY fell to 16-mth closing low after the yen hit 15-yr high against the dollar as dismal US housing data added to fears the global economic recovery would fizzle out. Hopes for action by the government and BoJ on the yen had provided some early support after Nikkei reported the Ministyr of Finance may consider unilateral yen-selling market intervention. But investors dump shares in late trade following a lack of policy action. Turnover on the TPX rose to 1.04 trillion yen from 881.13B yen yesterday

•    Stocks fell across all sectors led by oil & gas, tech, financials, materials, industrials, consumer and telecom

•    Exporters fell on a strong yen: autos -2.35%, CE -0.75%, precision -1.74%

•    Tech -1.69% tracking their US peers

•    Traders -1.36% after commodities prices fell

•    Best performing sectors on the TPX: land transport -0.03%, electric power & gas -0.21%, airline -0.32%; worst performing sectors: oil & coal -2.19%, transport equipment -2.14%, shippers -2.09%

Hong Kong

•    HSI -0.11%; HSCEI -0.67%

•    Stocks fell on concerns global economic recovery might falter after US home sales disappointed. Turnover on the HSI rose to HK$17.72B from HK$12.29B yesterday.

China

•    SHCOMP -2.03%; SZCOMP -2.12%

•    Stocks fell on signs the global economic recovery is slowing. Weighing on the market 8 IPOs are due this week, analysts estimate they will freeze ~800B yuan in subscription funds. Turnover on the SHCOMP rose to 103.19B  yuan from 88.83B yuan yesterday

•    Stocks fell across all sectors led by tech, utilities, materials, industrials, financials and consumer

•    Mining -2.34%, metal -2.80% after commodities prices fell

•    Real estate -2.92%. Xinhua reported the government is studying a property tax