Asia is deteriorating rapidly this evening - extending losses from the US day session. S&P 500 futures just touched 1300 once again and credit markets are bleeding wider. Only the DAX remains positive for the year so far in Europe; today's price action pushed the Dow Transports into the red year-to-date and the rest of the US indices are rolling over rapidly; and in Asia-Pac - Japan and Australia are now in the red year-to-date (in USD terms) with the HangSeng getting close.
Sea of red
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