The bears completely mauled the Asian shares and left them alone for the weekend while it turns its attention to the European kind of shares which it has started mauling. Europe has opened nearly half a percent down across the board with Germany taking the brunt of the fight.
The position at 1.30 pm with the Asian Markets was as follows:
Japan (Nikkei Average) down 3.3% (closed)
Hong Kong (Hang Seng Index) down 1% (closed)
Shanghai (Shanghai Composite Index) down 0.7% (closed)
Sydney (S&P/ASX 200) down 1.5% (closed)
Seoul (Kospi) down 0.8% (closed)
Taipei (Taiex) down 0.7% (closed)
The position at 1.30 pm with the Asian Markets was as follows:
Japan (Nikkei Average) down 3.3% (closed)
Hong Kong (Hang Seng Index) down 1% (closed)
Shanghai (Shanghai Composite Index) down 0.7% (closed)
Sydney (S&P/ASX 200) down 1.5% (closed)
Seoul (Kospi) down 0.8% (closed)
Taipei (Taiex) down 0.7% (closed)