We’ve been highlighting it the last couple of nights, but the action in Korea is pretty remarkably bad.
Even the big US bounce yesterday (which has lead to a bit of a rally in Europe today) totally skipped over the KOSPI, which — after diving by about 3.6% on Tuesday — fell another 2.3% Wednesday.
You can see the magnitude of the decline there mirrors the worst of any market, just about anywhere else, and you’d surmise that a big part of it is the growing fear of a Chinese slowdown.
The Nikkei was also down about 0.9%.
Hong Kong and Shanghai were closed.