Japan Construction Orders (YoY) dipped from previous -4% to -15.6% in August

Research Team at Nomura, see more signs of Chinese economy weakening, as their industrial profits declined by 8.8% y-o-y in August from -2.9% in July which has resulted in year-to-date profit growth of -1.9% y-o-y from -1.0% in July, owing to smaller investment gains, deeper price deflation and RMB depreciation.