Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

An Ugly Night In Asia

Joe WeisenthalMar 12, 2014, 13:48 IST

REUTERSSouthern Bluefin Tuna, the primary catch for the luxury Japanese sashimi trade, is inspected at a Tokyo fish market.

Good morning!

It was an ugly night in Asia, as fears of something bad happening in China seem to be rippling through the region.

The price of copper got clobbered. The Hang Seng index was off 1.6%. Japan was down 2.6%.

US futures, at this point, are only pointing to slight losses though it will be interesting to see what develops during the day. Yesterday was ugly for some of the hottest stocks on the market: Plug Power, Fannie Mae, Freddie Mac, and Tesla. It will be interesting to see if those momentum names keep breaking down.

There is no major economic data coming in the US today.