by John Galt
July 27, 2015 22:15 ET
This screenshot from Bloomberg TV-Asia says it all:
The reason for all the red on the screen? Shanghai strikes again, opening down as far as 4.51% but recovering slightly at the top of the hour:
The 15 minute delayed chart from YahooFinance is ugly as are all Asian-Pacific markets this morning:
The Hang Seng in Hong Kong is slightly better but then again they like to sell hard in the afternoon session:
Australia and South Korea are not doing so well either:
Last but not least, look at Japan now down 1.15%. Just bad, very bad signs here….
Meanwhile in commodity land, it would appear WTI Crude Oil now has a $46 handle and falling hard again in Asian trading:
With the metals holding for now, that is the only good news for now. Enjoy your Deathburger.