Nikkei Down 3% as Asian Stocks Follow US Slump

By Anonymous

0012 GMT — Asian stocks are following up the 3-4% skid in U.S. trading, much of that in the last 2 hours of trading, with 2%+ declines of their own. There wasn’t a noted catalyst for the slide in American equities, with the benchmarks generally holding up better than many markets globally of late. Japan’s Nikkei is lagging with a 3% drop as stocks get added pressure from the yen’s overnight bounce. The dollar has fallen for a week straight versus the yen. Meanwhile, Korea’s Kospi hits fresh year-plus lows this morning, Australia’s ASX 200 reached levels last seen in late April and New Zealand’s NZX 50 is set to log its...