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Asian Stocks Are A Sea Of Red, US Futures Enter Correction -10% From Highs

Courtesy of ZeroHedge. View original post here.

Playing catch-up, or worse, appears to be the opening scenario for Asian equities which are down from around 2% (Malaysia) to 5% (Japan) but perhaps more importantly, Treasury yields continue to tumble.

US Equity futures are continuing to tumble in overnight trading – all entering the 10% technical correction…

On the bright side, Japanese stocks are not down as much as Nikkei futures were in the US session…

But the loss of faith in Fed rate hikes continues as 2Y yields tumble back below 2.00%…

Asian FX is also extending its drop against the dollar…

And while the dollar is stronger, gold is also bid…


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