by John Galt
August 23, 2015 21:45 ET
UPDATED 22:10 ET:
Meanwhile in Singapore, down another 2.5% to start the day:
UPDATED 21:50 ET:
It’s officially a bloodbath.
Brent North Sea Crude has broken $45 per bbl for the first time since 2009:
The Shanghai SSE is down over 5% on the open:
Hong Kong Hang Seng Index down almost 4%:
And I have not even gotten to the secondary markets yet like Thailand, Vietnam, etc. Monday could still well be Bloody Monday on Wall Street. Stay tuned!
UPDATED 21:10 ET:
Taiwan opens up down over 2%:
And Crude oil fails to hold the line at $40 per bbl for now (Chart courtesy of FinViz.com):
UPDATED 20:00 ET:
Australia, Japan, and South Korea are now open. They probably should have just stayed closed. FWIW, Taiwan has also put limitations on short selling effective with this trading session. All market charts are from YahooFinance and prices are delayed 15 mins.
Australia S&P/ASX 200:
Japan Nikkei 225 now down 2.4% at 20:18 ET:
South Korea KOSPI:
UPDATED 19:00 ET:
New Zealand gets slammed 2% on the open (-115):
UDPATED 18:50 ET:
These pictures will not help the Shanghai Stock Exchange tonight. From my Twitter friend petejohn, pictures of Chinese armor heading to the North Korean border:
UPDATED 18:15 ET:
So is this a 1987,1998, or 2008 moment, aka the dreaded M.O.A.D. (Mother of All Deathburgers)?
Will the banksters and PPTs of the world unite one more time to give the big cheese to those who were logical, played by the rules, and shorted the market?
We shall find out in the hours ahead but on the open, the Japanese Yen vs. the USD opened a little stronger with the Yen resuming its role as a flight to safety:
I’ll return just before 6 pm to update all the markets and we shall watch either an implosion or explosion depending on if one is a bear or bull for equity markets in Asia tonight.