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Tech Wreck Hits Asia – TATS Turmoil After FANG Flush

Courtesy of ZeroHedge. View original post here.

While FANGs cratered in US markets, the turmoil in tech stocks has spread to AsiaPac with Hong Kong down hard as TATS tumble to one-month lows at the open

Asia's "FANG"  equivalent – accounting for 16% of MSCI Emerging Market Stock index is TATS – Taiwan Semi, Alibaba, Tecent, and Samsung…

All four names are down notably in the last week…

Following the biggest tumble in South Korea Industrial Production (and the first rate hike by Bank of Korea in 6 years), it appears there are no dip-buyers yet. KOSPI is down at one-month lows…

All the major China indices are opening lower…


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