Markets in Asia took a turn for the worse overnight as of the Bank of Japan’s action, or rather inaction, combined with growing concerns over China took their toll. The Nikkei suffered the hardest falling 2.6% as Japan’s latest attempt at recover looks to be in jeopardy. Most other Asian markets suffered between 1% and 2% while the European exchanges this morning gave up approximately 1% across the board. The market is continuing to digest the latest round of data from China, the emergence of a trade deficit at the weekend has turned sentiment against the Chinese economy as it becomes evident that the authorities ... (full story)