Asian Stocks Not as Bad as Headlines May Suggest

By Anonymous

0207 GMT — Just going by headlines, declines of at least 1% for stock benchmarks in Japan and Down Under would signal a bad day for Asian equities in general. But most other markets in the region are little changed at the moment after yesterday’s latest bout of wide selling. Japan’s drop is more of a catch-up move after a holiday weekend there. But the weakness in Australia and New Zealand could be more telling as those markets have been relative outperformers this year amid weakness in many other locales. Meanwhile, Chinese indexes are up roughly 0.5% after yesterday’s postholiday slide and Hong Kong stocks have started...