Look Out Below

Today we will get a real test for whether the recent pullback is merely a buying opportunity, or the start of something more serious.

– Shanghai shares fall the most in 9 months, hitting a 2-month low;
– Nikkei Index fell 3.1%;
– HK shares post biggest drop in 4-½ months;
– Hang Seng falls 3.6%;
– Oil, coal, metals stocks hit by lower commodity prices;
– Singapore dropped 3.2%.

Here is what the Shanghai Index looked like prior to today’s fall:


chart courtesy of Investech

US Futures are down significantly:


Asian bourses fall:


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