WAKE UP: European Markets Are Getting Crushed After Slaughter In Hong Kong

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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.

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