 Asian stocks took a beating today as disappointing economic data from China put a damper on the region's markets. The bearish mood led to widespread selling of commodity currencies. Despite higher-than-expected CPI figures, Australian Dollar found little support, while an uptick in New Zealand business confidence did little to boost Kiwi. As investors sought safe haven assets, Japanese Yen led the pack in a strong rebound, while Dollar also saw broad gains riding on the current risk-off sentiment. European majors displayed mixed performance with Sterling outperforming, extending its weekly rally against Euro and Swiss Franc. From a technical perspective, NZD/JPY's drop from 87.28 continued today, with sign of downside re-acceleration. This decline is viewed as a falling leg within the medium-term range pattern. Deeper fall is expected as long as 85.32 minor resistance level holds, aiming towards 81.53 support level and possibly further, to extend range trading. In Asia, Nikkei closed down -1.41%. Hong Kong HSI is down -2.76%. China Shanghai SSE is down -0.86%. Singapore Strait Times is down -0.81%. Japan 10-year JGB yield is down -0.0031 at 0.433. Overnight, DOW dropped -0.15%. S&P 500 rose 0.00%. NASDAQ rose 0.32%. 10-year yield dropped -0.110 to 3.700. | 
