EM Turmoil Continues, Asia Down, Italy ReassuresEM Turmoil Continues, Asia Down, Italy Reassures, Musk Flares, Toyota Recalls – Hong Kong is leading Asian equities down this morning, Hong Kong’s Hang Seng leading the plunge down 650 points or 2.3%. China’s Shanghai Composite comes in second with a loss of 1.7%, though the Yuan remains stable against the dollar unlike other emerging market currencies that continue their collapse today. The Indian Rupee (INR=X) has hit a new all time low against the Dollar at close to 72, and South Africa’s Rand (ZAR=X) is down about 1.6%, a new 52-week low and near all tie lows reached in February 2016. South African stocks were slaughtered yesterday, down over 7% on currency turmoil and market jitters over confiscation of the property of white farmers that continues on. Read more:
https://marketexclusive.com/market-morning-em-turmoil-continues-asia-down-italy-reassures-musk-flares-toyota-recalls/2018/09/