Markets start week lower in Asia

Markets started the week lower in Asia. Australia, Tokyo & other Asian markets are down, however Hong Kong & & Shanghai are up (the latter is up 3% from a depressed low level). Asia CNBC talks about Tokyo being on a 13 day losing streak. Their blue chip stocks include: Toyota, Sony, Panasonic, Canon, Toshiba, etc. with major part of their sales to the US market. Oil is down 38¢ in trading. This week, in the US look for the first Q2 earnings reports starting with Dow stock Alcoa (AA). More important than numbers will be guidance statements for the rest of the year.