UPDATE: Asian Markets Got Bludgeoned, And Now Europe Is Deteriorating

Smashed melon

Photo: mrwynd via Flickr

Asian markets got bludgeoned last night.Japan fell 2%.

Korea fell 1.5%.

Australia fell 0.3%.

This came after selling in the US and warning about China from the likes of Cummins Engine and Alcoa.

But after early selling European markets are flat.

So too is the US, and things are very quiet.

And now Europe is off too.

Italy is down 0.8%.

Spains is off 0.65%

US futures are modestly lower.

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