by Martin Armstrong
Confidence remains the key in Asia and that is what we remain in search of this evening as we watch global equity markets depreciate. In Asia China was in better shape having seen better than expected Service sector growth resulting in a 0.6% gain. This was only for the first half of the day as in late US trading we are watching China300 (futures) lose most of that gain and is currently down 0.65%. The Nikkei and Hang Seng were both heavy today losing 0.7% and 1.5% respectively. In sympathy with world markets both have lost an additional 1%.