If you thought the open was ugly for Asian stocks on Tuesday and it’s stressed you out, best leave the page now.
Not only are the losses across the region large, they’re getting even bigger.
Here’s the scoreboard as at 3.45pm AEDT.
Australia ASX 200 5807.70 , -3.63%
NZ NZX 50 8241.83 , -2.06%
Japan TOPIX 1710.76 , -6.19%
Shanghai Comp 3412.55 , -2.15%
Shenzhen Comp 1757.30 , -2.71%
HK Hang Seng 30651.31 , -4.94%
Sth Korea KOSPI 2423.86 , -2.72%
Sinagpore STI 3357.89 , -3.59%
Taiwan TAIEX 10328.92 , -5.64%
Philippines PSI 8449.6 , -1.93%
Indonesia JKSE 6436.21 , -2.33%
Malaysia KLCI Index 1803.03 , -2.70%
Thailand SET 1762.04 , -2.67%
India Nifty 50 10342.4 , -3.04%
S&P 500 Futures 2530 , -2.98%
No matter where you turn, stocks are sinking. The only real difference is some markets are sinking faster than others.
Should losses continue to accelerate, that will increase the risk of forced selling by some investors.
Think of it as a selling snowball — if the selling gains momentum it could lead to an even faster and larger move lower.
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