Markets Are Lower As Stocks In Asia Get Slammed Again

Stocks are lower in Europe and US futures are off a bit.

But the real story is in Asia, which had a really rough night.

Japan got pasted. Here’s the Nikkei.

Shanghai lost 1.5%, as well. Korea dropped 0.6%.

The big story is the spike in short-term Chinese interest rates, as policymakers are seen as trying to cool the economy once again.

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.