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: