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An Ugly Night In Asia

An Ugly Night In Asia
Stock Market1 min read

bluefin tuna tokyo tsukiji fish market

REUTERS

Southern 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.

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