Asian markets: Japan's Nikkei down more than 5% following weak close on Wall Street | WHAT REALLY HAPPENED


Asian markets: Japan's Nikkei down more than 5% following weak close on Wall Street

While China, Hong Kong, South Korea among other markets remained closed for the Lunar New Year holiday, remaining stock exchanges in Asia were trading lower on 9 February. This followed a negative Wall Street and FTSE close overnight.

Fears over a sell-off in the European banking sector gathered pace overnight after Stoxx Europe 600 Banks Index – the gauge of the banking sector in Europe – recorded its sixth consecutive weekly decline, the worst streak since 2008. Worried investors as a result pulled out of Asian stock markets in search for safer havens.

Webmaster's Commentary: 

The PPT is fighting gravity today on the US markets.

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