Nick Nasad
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Equity Indexes Continue Their Retreat in Asia Session

As the Asian session moves towards mid-day, we see another big knock to markets across the board.

  • Nikkei down 2.29%
  • Hang Send down1.55%
  • Jakarta off 2.95%
  • India Nifty 50 down 3.45%
  • Australia ASX 200 down 1.20%.

Will this further drop in equity indexes give more fuel for safe-haven seeking behavior and further gains for safety currencies like the JPY and CHF? Or is the major wave of selling on account of Syria news now priced in?

- Nick