Stocks in Europe and Asia followed American markets’ Friday performance.
The FTSE 100, France’s CAC, and the German DAX are all down from 1.4 – 8%.
Japan’s NIKKEI, Hong Kong’s Hang Seng, and China’s CSI 300 are down from 1.8 – 2.2%. Commodities are taking it on the chin with oil down 1.8% to 81.76.
On a sector basis, financials and materials are being hit hardest. For example, the CSI 300 financials index is down 3.6% right now, exacerbated by further Chinese government restrictions on banks’ mortgage lending.
Meanwhile, the dollar index is rallying slightly. Gold’s holding roughly steady at $1,136
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