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Asia Stocks Extend Rout After US Selloff; Nikkei Dives 4% On Strong Yen
CNBC ^ | 2-4-2013 | Nyshka Chandran

Posted on 02/04/2014 1:30:16 AM PST by blam

Asia Stocks Extend Rout After US Selloff; Nikkei Dives 4% On Strong Yen

Published: Tuesday, 4 Feb 2014 | 1:23 AM ET
By: Nyshka Chandran
Assistant Producer, CNBC Asia-Pacific

Asian equity markets suffered heavy losses on Tuesday after Wall Street shares tumbled overnight as weak economic data sparked fears of a slowing U.S. economy.

U.S. stocks saw their worst start to February since 1933 after a manufacturing report heightened concern about the economy before Friday's monthly jobs report. Overall factory activity hit an eight-month low in January as new order growth plunged by the most in 33 years.

In a sign of heightened investor jitters, the CBOE Volatility Index rose above 20 on Monday for the first time in four months, while the yield on the 10-year Treasury note hit a three-month low.

"Suffice to say investors should steer clear of risk assets over the short term as the turmoil does not look like it will be over anytime soon. A combination of tapering, a confluence of country specific emerging market country concerns and weaker growth in China provide the backdrop for a volatile few weeks if not longer, ahead," said analysts at Credit Agricole.

(snip)

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


TOPICS: News/Current Events
KEYWORDS: economy; investing; markets; stocks

1 posted on 02/04/2014 1:30:16 AM PST by blam
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To: blam
Although the world is jealous of America, and it's economic power, they are still dependent on it.

When the American economy suffers, the world suffers.

Obama is trying to destory the US economy. In doing this, he is destorying the global economy.

The Democrats and GOPe had decided to sit back and watch it happen. How long before the rest of the world decides that enough is enough?

2 posted on 02/04/2014 1:37:55 AM PST by Cowboy Bob (They are called "Liberals" because the word "parasite" was already taken.)
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To: blam
European Stocks Track Wall Street Selloff

Equity Sell-Off, A Rumble Than A Rout Perhaps

"Stock markets in the U.S., Japan and Europe appear to have joined emerging markets in the doldrums, but is the sharp sell-off just a rumble or is a deeper rout on its way?"

"The consensus so far is this: equities could fall further especially if economic data disappoints, but until that happens the big picture of a brighter growth outlook has not changed so don't panic just yet."

3 posted on 02/04/2014 1:39:04 AM PST by blam
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To: blam
Read Dan Greenhaus On The Market Selloff, And Whether You Should Buy The Dip

" In recent times, we felt comfortable leaning into this decline, arguing that idiosyncratic issues in Turkey, Argentina and/or the Ukraine were ultimately unlikely to augur poorly for U.S. equities for more than a few sessions. However, Japanese stocks are now down 13% including the decline occurring as you read this, European equities are down by 6.4% and U.S. equities are off by 5.7%.
In the U.S., slowing economic data in December and January have raised concerns that (either) the Fed is reducing its accommodative policy at the wrong time or the reduction is leading to said weakness. In either case, global economic indicators are slowing and here in the U.S., investors are growing concerned there is more than weather plaguing the economy."

4 posted on 02/04/2014 1:50:16 AM PST by blam
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To: blam; Kartographer

“but until that happens the big picture of a brighter growth outlook has not changed so don’t panic just yet.”

And we know you have a choice when you sail, and we thank you for choosing White Star Lines.


5 posted on 02/04/2014 1:55:11 AM PST by F15Eagle (1Jn4:15;5:4-5,11-13;Mt27:50-54;Mk15:33-34;Jn3:17-18,6:69,11:25,14:6,20:31;Ro10:8-11;1Tm2:5-6;Ti3:4-7)
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To: Cowboy Bob

And just what is “the rest of the world” going to do about it?


6 posted on 02/04/2014 2:10:02 AM PST by arthurus (Read Hazlitt's Economics In One Lesson ONLINEhttp://steshaw.org/economics-in-one-lesson/)
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To: blam

Bubble, bubble, bubble.


7 posted on 02/04/2014 2:37:11 AM PST by VRWC For Truth (Roberts has perverted the Constitution)
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To: arthurus

I dunno. Maybe ask China if they want to continue buying the US debt?

Maybe there will be a few more Benghazi incidents... But for other reasons. Some people/countries begin to act irrational when their citizens begin to riot. They always try to blame outside factors. In this case, you’ve got Obama purposely destroying the US and global economy.


8 posted on 02/04/2014 3:44:19 AM PST by Cowboy Bob (They are called "Liberals" because the word "parasite" was already taken.)
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To: blam
This Chart Reminds Us Clearly That The Stock Market And The Economy Are Not The Same Thing


9 posted on 02/04/2014 5:49:23 AM PST by blam
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To: Cowboy Bob

Maybe China will be compelled to fire another warning missile off the US coastline?


10 posted on 02/04/2014 6:02:58 AM PST by The Duke ("Forgiveness is between them and God, it's my job to arrange the meeting.")
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