Investors In Asia Are Clearly Freaking Out About Something

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.

chart

The Nikkei was also down about 0.9%.

Hong Kong and Shanghai were closed.

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