Asian Market Rout Goes Global On Tech, Tax And Government Shutdown Tremors
zerohedge.com / by Tyler Durden / Dec 6, 2017 6:58 AM
A selloff which started in Asia, driven by renewed liquidation of Chinese and Hong Kong tech stocks and accelerated by weaker metal prices which pushed the Shanghai Composite below a key support and to 4 month lows…
… which sent the Nikkei to its worst day since March and the second worst day of the year, while the overall Asia Pac equity index slumped for the 8th day – the longest streak for two years, spread to Europe adn the rest of the world, pushing the MSCI world index lower by 0.3% as investors continued to lock in year-end gains among the best performing assets amid a broad risk-off mood. In FX, the dollar stabilized as emerging-market currency weakness meets yen gains while Treasuries and euro-area bonds gain as focus now turns to efforts to avert a U.S. government shutdown on Saturday. Euro and sterling trade heavy in average volumes while the loonie consolidates before BOC decision.
The post Asian Market Rout Goes Global On Tech, Tax And Government Shutdown Tremors appeared first on Silver For The People.
Source: http://silveristhenew.com/2017/12/06/asian-market-rout-goes-global-on-tech-tax-and-government-shutdown-tremors/
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