Japan And China Just Closed February On A Sour Note

Well it was a tough day for some Asian markets. Between Jerome Powell's "hawkish" testimony on Capitol Hill and some not-so-inspiring data out of Japan and China, conditions were ripe for a lackluster session to close out what was a truly tumultuous month. You can't depend on this Chinese data because it's likely distorted by the Lunar New Year holiday, but to the extent you can depend on it, the following numbers weren't great February manufacturing PMI: 50.3 (Est. 51.) February non-manufa