{"id":38966,"date":"2018-10-11T05:59:17","date_gmt":"2018-10-11T10:59:17","guid":{"rendered":"http:\/\/olduvai.ca\/?p=38966"},"modified":"2018-10-11T05:59:17","modified_gmt":"2018-10-11T10:59:17","slug":"asian-markets-crushed-by-capitulation-carnage","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=38966","title":{"rendered":"Asian Markets Crushed By Capitulation Carnage"},"content":{"rendered":"<div id=\"block-zerohedge-page-title\" class=\"block block-core block-page-title-block\">\n<h3 class=\"page-title\"><a href=\"https:\/\/www.zerohedge.com\/news\/2018-10-10\/asian-markets-crushed-capitulation-carnage\"><span class=\"field field--name-title field--type-string field--label-hidden\">Asian Markets Crushed By Capitulation Carnage<\/span><\/a><\/h3>\n<\/div>\n<div id=\"block-zerohedge-content\" class=\"block block-system block-system-main-block\">\n<article class=\"node node--type-article node--view-mode-full\" role=\"article\" data-gtm-vis-recent-on-screen-2077925_22=\"1215\" data-gtm-vis-first-on-screen-2077925_22=\"1215\" data-gtm-vis-total-visible-time-2077925_22=\"100\" data-gtm-vis-has-fired-2077925_22=\"1\">\n<footer class=\"node__meta\">\n<div class=\"submission-wrapper\"><\/div>\n<\/footer>\n<div class=\"node__content\">\n<div class=\"clearfix text-formatted field field--name-body field--type-text-with-summary field--label-hidden field__item\">\n<p><em>No &#8220;National Team&#8221;&#8230; No &#8220;Plunge Protection Team&#8221;&#8230; No RRR Cuts&#8230; and not a word from Powell. <\/em>The US equity market massacre is extending overnight as <strong>the liquidation crisis smashes into Asia<\/strong>&#8230;<\/p>\n<p>The initial red box is the after-hours drop and the second drop is as Asian cash markets opened&#8230; (Nasdaq is now down over 6%)<\/p>\n<p><a href=\"https:\/\/www.zerohedge.com\/sites\/default\/files\/inline-images\/2018-10-10_18-57-49.jpg?itok=H0ebLlzA\" data-image-external-href=\"\" data-image-href=\"\/sites\/default\/files\/inline-images\/2018-10-10_18-57-49.jpg?itok=H0ebLlzA\" data-link-option=\"0\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.zerohedge.com\/sites\/default\/files\/inline-images\/2018-10-10_18-57-49.jpg\" srcset=\"https:\/\/www.zerohedge.com\/sites\/default\/files\/styles\/inline_image_desktop\/public\/inline-images\/2018-10-10_18-57-49.jpg?itok=H0ebLlzA 1x\" alt=\"\" width=\"500\" height=\"307\" data-entity-type=\"file\" data-entity-uuid=\"79e6b851-9292-47fc-a3d8-b4900c15725a\" data-responsive-image-style=\"inline_images\" \/><\/a><\/p>\n<p>Nasdaq&#8217;s plunge led by a bloodbath in FANGs (NFLX -10% now)&#8230;<\/p>\n<p><a href=\"https:\/\/www.zerohedge.com\/sites\/default\/files\/inline-images\/2018-10-10_19-18-04.jpg?itok=3Mhfu5RI\" data-image-external-href=\"\" data-image-href=\"\/sites\/default\/files\/inline-images\/2018-10-10_19-18-04.jpg?itok=3Mhfu5RI\" data-link-option=\"0\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.zerohedge.com\/sites\/default\/files\/inline-images\/2018-10-10_19-18-04.jpg\" srcset=\"https:\/\/www.zerohedge.com\/sites\/default\/files\/styles\/inline_image_desktop\/public\/inline-images\/2018-10-10_19-18-04.jpg?itok=3Mhfu5RI 1x\" alt=\"\" width=\"500\" height=\"292\" data-entity-type=\"file\" data-entity-uuid=\"ef2bdc7e-dc87-40c0-9cbc-b6784312edc0\" data-responsive-image-style=\"inline_images\" \/><\/a><\/p>\n<p>From yesterday&#8217;s cash close at 26,449, Dow futures are now down almost 1300 points&#8230;<\/p>\n<p><a href=\"https:\/\/www.zerohedge.com\/sites\/default\/files\/inline-images\/2018-10-10_19-02-11.jpg?itok=aAE-s73k\" data-image-external-href=\"\" data-image-href=\"\/sites\/default\/files\/inline-images\/2018-10-10_19-02-11.jpg?itok=aAE-s73k\" data-link-option=\"0\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.zerohedge.com\/sites\/default\/files\/inline-images\/2018-10-10_19-02-11.jpg\" srcset=\"https:\/\/www.zerohedge.com\/sites\/default\/files\/styles\/inline_image_desktop\/public\/inline-images\/2018-10-10_19-02-11.jpg?itok=aAE-s73k 1x\" alt=\"\" width=\"500\" height=\"307\" data-entity-type=\"file\" data-entity-uuid=\"d03eb4de-045f-49ef-bd31-df4ffdd9cd34\" data-responsive-image-style=\"inline_images\" \/><\/a><\/p>\n<p>&nbsp;<\/p>\n<p>AsiaPac markets are a sea of red&#8230;<\/p>\n<p><a href=\"https:\/\/www.zerohedge.com\/sites\/default\/files\/inline-images\/2018-10-10_19-03-49.jpg?itok=jczXyUlz\" data-image-external-href=\"\" data-image-href=\"\/sites\/default\/files\/inline-images\/2018-10-10_19-03-49.jpg?itok=jczXyUlz\" data-link-option=\"0\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.zerohedge.com\/sites\/default\/files\/inline-images\/2018-10-10_19-03-49.jpg\" srcset=\"https:\/\/www.zerohedge.com\/sites\/default\/files\/styles\/inline_image_desktop\/public\/inline-images\/2018-10-10_19-03-49.jpg?itok=jczXyUlz 1x\" alt=\"\" width=\"500\" height=\"407\" data-entity-type=\"file\" data-entity-uuid=\"5fdd5387-4c5d-4f93-9a02-9a4a80242fb8\" data-responsive-image-style=\"inline_images\" \/><\/a><\/p>\n<p>MSCI AsiaPac is plunging almost 4% to its lowest since May 2017&#8230;<\/p>\n<p><a href=\"https:\/\/www.zerohedge.com\/sites\/default\/files\/inline-images\/2018-10-10_18-56-59.jpg?itok=TKUzikpx\" data-image-external-href=\"\" data-image-href=\"\/sites\/default\/files\/inline-images\/2018-10-10_18-56-59.jpg?itok=TKUzikpx\" data-link-option=\"0\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.zerohedge.com\/sites\/default\/files\/inline-images\/2018-10-10_18-56-59.jpg\" srcset=\"https:\/\/www.zerohedge.com\/sites\/default\/files\/styles\/inline_image_desktop\/public\/inline-images\/2018-10-10_18-56-59.jpg?itok=TKUzikpx 1x\" alt=\"\" width=\"500\" height=\"254\" data-entity-type=\"file\" data-entity-uuid=\"ab71ba8e-ae85-4ee5-acaf-e6e347e6cead\" data-responsive-image-style=\"inline_images\" \/><\/a><\/p>\n<p>Taiwan is getting monkey-hammered&#8230;<\/p>\n<p><a href=\"https:\/\/www.zerohedge.com\/sites\/default\/files\/inline-images\/2018-10-10_19-15-56.jpg?itok=oFA9fol9\" data-image-external-href=\"\" data-image-href=\"\/sites\/default\/files\/inline-images\/2018-10-10_19-15-56.jpg?itok=oFA9fol9\" data-link-option=\"0\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.zerohedge.com\/sites\/default\/files\/inline-images\/2018-10-10_19-15-56.jpg\" srcset=\"https:\/\/www.zerohedge.com\/sites\/default\/files\/styles\/inline_image_desktop\/public\/inline-images\/2018-10-10_19-15-56.jpg?itok=oFA9fol9 1x\" alt=\"\" width=\"500\" height=\"262\" data-entity-type=\"file\" data-entity-uuid=\"2ac2bbb4-0fd8-4484-8c58-383f4c306f4d\" data-responsive-image-style=\"inline_images\" \/><\/a><\/p>\n<p>China is opening in freefall&#8230;<\/p>\n<p><a href=\"https:\/\/www.zerohedge.com\/sites\/default\/files\/inline-images\/2018-10-10_21-04-29.jpg?itok=wJNxO3ho\" data-image-external-href=\"\" data-image-href=\"\/sites\/default\/files\/inline-images\/2018-10-10_21-04-29.jpg?itok=wJNxO3ho\" data-link-option=\"0\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.zerohedge.com\/sites\/default\/files\/inline-images\/2018-10-10_21-04-29.jpg\" srcset=\"https:\/\/www.zerohedge.com\/sites\/default\/files\/styles\/inline_image_desktop\/public\/inline-images\/2018-10-10_21-04-29.jpg?itok=wJNxO3ho 1x\" alt=\"\" width=\"500\" height=\"265\" data-entity-type=\"file\" data-entity-uuid=\"3cdd680a-5abf-4e8d-b6b2-e2c0772e118f\" data-responsive-image-style=\"inline_images\" \/><\/a><\/p>\n<p>And it&#8217;s not just equity markets.<\/p>\n<p>Currencies are tumbling&#8230;led by the Won and Taiwanese Dollar&#8230;<\/p>\n<p><a href=\"https:\/\/www.zerohedge.com\/sites\/default\/files\/inline-images\/2018-10-10_19-08-24.jpg?itok=4MMId5EB\" data-image-external-href=\"\" data-image-href=\"\/sites\/default\/files\/inline-images\/2018-10-10_19-08-24.jpg?itok=4MMId5EB\" data-link-option=\"0\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.zerohedge.com\/sites\/default\/files\/inline-images\/2018-10-10_19-08-24.jpg\" srcset=\"https:\/\/www.zerohedge.com\/sites\/default\/files\/styles\/inline_image_desktop\/public\/inline-images\/2018-10-10_19-08-24.jpg?itok=4MMId5EB 1x\" alt=\"\" width=\"500\" height=\"148\" data-entity-type=\"file\" data-entity-uuid=\"fffb42fc-8cb5-42c6-9b56-0af7eb90d074\" data-responsive-image-style=\"inline_images\" \/><\/a><\/p>\n<p>Yuan is back near cycle lows&#8230;<\/p>\n<p><a href=\"https:\/\/www.zerohedge.com\/sites\/default\/files\/inline-images\/2018-10-10_18-50-27.jpg?itok=P15xpLfL\" data-image-external-href=\"\" data-image-href=\"\/sites\/default\/files\/inline-images\/2018-10-10_18-50-27.jpg?itok=P15xpLfL\" data-link-option=\"0\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.zerohedge.com\/sites\/default\/files\/inline-images\/2018-10-10_18-50-27.jpg\" srcset=\"https:\/\/www.zerohedge.com\/sites\/default\/files\/styles\/inline_image_desktop\/public\/inline-images\/2018-10-10_18-50-27.jpg?itok=P15xpLfL 1x\" alt=\"\" width=\"500\" height=\"264\" data-entity-type=\"file\" data-entity-uuid=\"140c4c01-4cc4-40d7-a179-abfdee6869ed\" data-responsive-image-style=\"inline_images\" \/><\/a><\/p>\n<p>&nbsp;<\/p>\n<p>And cryptocurrencies are crashing too&#8230;<\/p>\n<p><a href=\"https:\/\/www.zerohedge.com\/sites\/default\/files\/inline-images\/2018-10-10_19-10-10.jpg?itok=qThxlcFA\" data-image-external-href=\"\" data-image-href=\"\/sites\/default\/files\/inline-images\/2018-10-10_19-10-10.jpg?itok=qThxlcFA\" data-link-option=\"0\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.zerohedge.com\/sites\/default\/files\/inline-images\/2018-10-10_19-10-10.jpg\" srcset=\"https:\/\/www.zerohedge.com\/sites\/default\/files\/styles\/inline_image_desktop\/public\/inline-images\/2018-10-10_19-10-10.jpg?itok=qThxlcFA 1x\" alt=\"\" width=\"500\" height=\"258\" data-entity-type=\"file\" data-entity-uuid=\"96766831-c2c5-4afe-9c8e-b35dbc0aed68\" data-responsive-image-style=\"inline_images\" \/><\/a><\/p>\n<p>&nbsp;<\/p>\n<p><strong>There is some green in the world, however&#8230;<\/strong><\/p>\n<p>US Treasuries are bid with 10Y now down 12bps from Tuesday&#8217;s highs&#8230;<\/p>\n<p>\u2026click on the above link to read the rest of the article\u2026<\/p>\n<\/div>\n<\/div>\n<\/article>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Asian Markets Crushed By Capitulation Carnage No &#8220;National Team&#8221;&#8230; No &#8220;Plunge Protection Team&#8221;&#8230; No RRR Cuts&#8230; and not a word from Powell. The US equity market massacre is extending overnight as the liquidation crisis smashes into Asia&#8230; The initial red box is the after-hours drop and the second drop is as Asian cash markets opened&#8230; [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[22226,1992,2443,4318],"class_list":["post-38966","post","type-post","status-publish","format-standard","hentry","category-economics","tag-asian-markets","tag-contagion","tag-stock-markets","tag-zerohedge"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/38966","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=38966"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/38966\/revisions"}],"predecessor-version":[{"id":38967,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/38966\/revisions\/38967"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=38966"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=38966"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=38966"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}