Asia Blowing Off The U.S. Collapse

Despite yesterday’s mayhem in the U.S. and Europe, and Japan’s over 2% drop right now, mainland China and Asia are doing OK. Shanghai’s CSI 300 is slightly in the green, while MSCI Asia is down just half a per cent. Hong Kong is closed. Australia is down just 0.6%.

Chart

Not pretty, but not bad either, for a day after the S&P 500 and Nasdaq shed 4% in a session. It’s as if China is in a driver’s seat here.

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