Snowballing U.S. Volatility Is Dragging Asia Stocks Along With It
- FANG selloff drags stock markets from Japan to China lower
- Equity rallies around the world are getting more mature: Saxo
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It happens a lot. An American company like Facebook Inc. stumbles, its stock losing $23 billion of market value in a day. And then Japanese and Chinese equities with no obvious connection erase many times that amount over the next few hours.
It’s a frustrating feeling, having your whole market sucker-punched by news an ocean away, according to Edward Lim, chief investment officer of Covenant Capital in Singapore. But it’s the furthest thing from surprising.