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Global Market Rout Resumes: Asian Bloodbath Spills Over Into Europe, US Sharply Lower

Global Market Rout Resumes: Asian Bloodbath Spills Over Into Europe, US Sharply Lower

Global markets were routed for the second day in a row on Monday, with Asian and European indexes opening lower and bond yields rising as resurgent U.S. inflation raised the possibility central banks would tighten policy more aggressively than had been expected.

Asian stocks suffered broad losses, with the MSCI Asia-Pacific index ex-Japan plunging as much as 2%, its largest daily drop since late 2016, while S&P futures extended Friday’s decline; the Nikkei dropped 2.6% while Hang Seng plunged as much as 2.7% before rebounding. The selling fed through into Europe, however without heavy continuing momentum.



Meanwhile, U.S. equity futures are above initial lows printed straight from Globex electronic re-open, helped in part by reports that China's regulator would act to "mitigate" the equity selloff, which helped Chinese indices to rally into close, and close green.

 

Continued: https://www.zerohedge.com/news/2018-02-05/global-market-rout-resumes-asian-bloodbath-spills-over-europe-us-sharply-lower