Nikkei 225 tumbles-post China trade, joins the Asian sell-off

Risk sentiment came under renewed pressure after the Chinese trade data disappointed markets and reinforced China slowdown fears, sending the Japanese stocks back into the red zone, in tandem with its other Asian peers. China trade balance missed expectations in September, with a slump in exports coming in much worse-than expected.

The Japanese stocks witnessed fresh selling interest after the yen picked-up pace across the board on renewed risk-off wave, with the USD/JPY pair hammered more-than 100-pips to 103.60 levels. Meanwhile, the CBOE Volatility Index, the "fear gauge" of near-term investor anxiety held near 16, indicating broader market uncertainty.

Meanwhile, Japan’s Nikkei 225 drops -0.80% to 16,709, the Australian S&P/ASX 200 tanks -0.93% to 5423. The Chinese equities keep losses, with the benchmark Shanghai Composite index down -0.07%, while CSI300 index also drops -0.13%. Hong Kong markets decline -1.47% to trade around 23,060 levels.