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China Is Getting Slammed - Banks And Property Developers Are Tanking

Joe WeisenthalMar 28, 2013, 07:44 IST

It's a risk off night.

US futures are lower as is the Aussie dollar.

The big weight: China, which is getting taken down amid a barrage of reports about new regulations in the real estate and financial sectors.

The main Shanghai Composite is down 2.3%.

These two images/tweets from CNBC's Deirdre Wang Morris tell more about what's going on. Seems to be an issue related to expectations of more property curbs and also fresh regulations on China's infamous wealth-management products, per this story in the WSJ.