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US stock rout hits Asia hard, erases Nikkei's 2018 gains

Japan bore the brunt of the declines, with Nikkei 225 Stock Average erasing this year's gain

Choong En Han & Eric Lam | Bloomberg 

The weekend did little to cushion the blow of the biggest US 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.

US equity futures sank as much as 1.1 per cent in Asia on Monday but by 7:35 am in London March e-mini contracts on the S&P 500 Index had pared losses to 0.1 per cent. The MSCI Asia Pacific Index slid 1.4 per cent, retreating from a rally that has sent ...

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First Published: Tue, February 06 2018. 01:00 IST
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