This Is How the Stock Rout Hit Asia, Erasing Nikkei's 2018 Gains
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The weekend did little to cushion the blow of the biggest U.S. stock rout in two years, with Asian equities facing a barrage of selling as Monday trading got under way.
Japan bore the brunt of the declines, with Nikkei 225 Stock Average erasing this year’s gain, while a measure of its volatility surged to the highest since November. U.S. equity futures sank as much as 1.1 percent in Asia today but by 7:35 a.m. in London March e-mini contracts on the S&P 500 Index had pared losses to 0.1 percent.