Q4 is off to a dismal start after a huge loss in Hong Kong.The Hang Seng ended down 4.6%, pushing the index down nearly 30% from recent highs.
Mainland China was closed.
The carnage continues in Europe.
- Germany is down 3.5%
- France -2.7%
- Italy -2.4%
Shares of the big Belgian lender Dexia are getting hammered on reports of a new bailout.
US indices are pointing to a loss of about 1%.
Meanwhile, as noted, China has suddenly reared its ugly head as a primary concern for investors.