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Asian stocks set for losses on emerging market fears
CNBC ^

Posted on 01/26/2014 3:04:49 PM PST by Red in Blue PA

Asian equity markets are expected to kick off the week with losses after a sharp sell-off in emerging-market currencies last week spooked investors.

Markets in Australia are closed to observe 'Australia Day.'

Trade in Japanese stock futures indicate the benchmark Nikkei is set to extend declines following Friday's 2 percent fall. Osaka futures dropped 2.7 percent to 15,020, nearly 400 points below the Nikkei's previous close.

(Excerpt) Read more at cnbc.com ...


TOPICS: News/Current Events
KEYWORDS: asianmarkets; emergingmarkets; stockmarket

1 posted on 01/26/2014 3:04:49 PM PST by Red in Blue PA
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To: Red in Blue PA

May you live in interesting times.

Japan’s economic numbers come out in about an hour.

For those who want to pop some corn and watch tonights activities;

http://www.bloomberg.com/tv/asia/


2 posted on 01/26/2014 3:11:34 PM PST by maine yankee (I got my Governor at 'Marden's')
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To: maine yankee

I read the Bank of China just suspended cash transfers.


3 posted on 01/26/2014 3:13:41 PM PST by rbg81
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To: Red in Blue PA

I’m watching the Nikkei as well. I got out of the market completely last Thursday. I just hope the crash wont be so bad that it doesn’t matter if I did or not.


4 posted on 01/26/2014 3:16:55 PM PST by struggle
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To: struggle

I sold some stocks and moved that money into gold mining stocks. Never thought I would own gold mining stocks in my life, but they have been so out of favor they must be near a bottom. HSBC downgraded them last week and it had no effect.


5 posted on 01/26/2014 3:21:11 PM PST by Red in Blue PA (When Injustice becomes Law, Resistance Becomes Duty.-Thomas Jefferson)
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To: struggle

I’m out too. If it crashes, I hope to see the real bottom before jumping back in.


6 posted on 01/26/2014 3:25:48 PM PST by umgud (2A can't survive dem majorities)
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To: umgud

I think it’s going to be a long slide until the summer. Summer employment and activity is going to foster a short stock recovery, but who knows if it’s enough.

Any strong downward move, with the market so leveraged, is probably just going to keep going.


7 posted on 01/26/2014 3:28:18 PM PST by struggle
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To: All

Have part of retirement fund I can choose where to put in an International Stock Fund that is negative for January, most of that last week. Should I get out of that now?


8 posted on 01/26/2014 3:31:46 PM PST by John W (Viva Cristo Rey!)
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To: struggle

Sentiment has been far too complacent. Nearly every analyst on TV agrees stocks are going up again this year, even after years of an upward move, topped by a 30% upward move last year. When sentiment gets that positive, we are due for a correction. And because this market is built onto assumptions of easy money (QE), any fall could be prolonged and painful.


9 posted on 01/26/2014 3:33:43 PM PST by Red in Blue PA (When Injustice becomes Law, Resistance Becomes Duty.-Thomas Jefferson)
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10 posted on 01/26/2014 3:33:53 PM PST by RedMDer (Happy with this, America? Make your voices heard. 2014 is just around the corner. ~ Sarah Palin)
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To: Red in Blue PA

I am 90% out.


11 posted on 01/26/2014 3:34:35 PM PST by 3Fingas (Sons and Daughters for Freedom and Rededication to the Principles of the U.S. Constitution...)
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To: Red in Blue PA

Futures are open as of 5pm CST, and things look very weak in the S&P. We could see some crazy tonite and tomorrow.


12 posted on 01/26/2014 3:35:26 PM PST by Free Vulcan (Vote Republican! You can vote Democrat when you're dead...)
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To: Red in Blue PA

When QE stops, this market will drop like a rock.

How long can QE go on? I have no idea.


13 posted on 01/26/2014 3:36:02 PM PST by 3Fingas (Sons and Daughters for Freedom and Rededication to the Principles of the U.S. Constitution...)
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To: 3Fingas

I used to be in aggressive technology stocks, but have moved in the past 2 years to more defensive names (XOM, PG, HRL, SBUX) but still own RGR and CAB, along with tech names ASML and CSCO. I am trying to figure out if I want to try timing this or riding it out, as many people who got out in 2008 missed one heel of a ride.

That is always a danger and must not be discounted, though we are closer to the top than to any bottom as of right now.


14 posted on 01/26/2014 3:38:52 PM PST by Red in Blue PA (When Injustice becomes Law, Resistance Becomes Duty.-Thomas Jefferson)
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To: Free Vulcan

Yup. Nikkei is 20 min out.

Place your bets.

I’m thinking -5% with the same in Euro markets and at the DJIA.

Obama’s gonna look like he’s talking out of his ass to even the most stalwart supporter if he’s talking unicorns farting rainbows while the market’s dropping heavily during the State of the Union.


15 posted on 01/26/2014 3:39:01 PM PST by struggle
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To: Free Vulcan

Not looking too bad yet.

http://www.cmegroup.com/trading/equity-index/us-index/e-mini-sandp500.html


16 posted on 01/26/2014 3:41:54 PM PST by Red in Blue PA (When Injustice becomes Law, Resistance Becomes Duty.-Thomas Jefferson)
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To: Red in Blue PA

Only 2% down in Japan and Korea. The trade def. numbers in Japan might drive it lower.


17 posted on 01/26/2014 4:02:20 PM PST by struggle
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To: Red in Blue PA

There was much fear in American markets on Friday.


18 posted on 01/26/2014 4:34:32 PM PST by familyop (We Baby Boomers are croaking in an avalanche of corruption smelled around the planet.)
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To: familyop

After years of no fear whatsoever, I believe the fear quotient is only beginning.


19 posted on 01/26/2014 4:56:57 PM PST by Red in Blue PA (When Injustice becomes Law, Resistance Becomes Duty.-Thomas Jefferson)
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To: struggle

It’s now down 3%.


20 posted on 01/26/2014 4:57:04 PM PST by VerySadAmerican (".....Barrack, and the horse Mohammed rode in on.")
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To: VerySadAmerican

Well, it looks like it’ll hover at -2.5% and then either drop like a rock or rise slowly. I think they’re waiting for the Hang Seng.


21 posted on 01/26/2014 4:59:20 PM PST by struggle
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To: struggle

Hang Seng down -2.5 looks like Nikkei will break -3


22 posted on 01/26/2014 5:36:56 PM PST by struggle
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To: Red in Blue PA

..... I’m sure the default of the Chinese Gold Trust at the end of the week is spooking the markets quite a bit right now.


23 posted on 01/26/2014 5:39:43 PM PST by R_Kangel ( "A Nation of Sheep ..... Will Beget ..... a Nation Ruled by Wolves.")
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To: R_Kangel

And the Chinese Bank Holiday on Cash won’t help either....


24 posted on 01/26/2014 8:20:02 PM PST by Kozak ("Send them back your fierce defiance! Stamp upon the cursed alliance! To arms, to arms in Dixie!)
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