Japan Housing Starts (YoY) above forecasts (0%) in April: Actual (0.4%)

The Japanese equities index witnessed a see-saw movement today, with the markets rallying to highs on upbeat Japanese CPI figures following a soft opening. Subsequently most gains were erased as Chinese equities extended their sell-off following news that more brokers tightened margin trading requirements and PBOC drained money to reduce flush liquidity in the financial system.