real-time news and commentary for investors
Tuesday, Aug 20
Asian shares drop on India, Indonesia turmoil, Fed worries
- Japanese shares (DXJ, EWJ) slump 2.6% as the turmoil in India and Indonesia hits stocks with exposure to those countries.
- Trading in Asia continues to otherwise dominated by the obsession with the Fed's prospective tapering.
- Asia "is not going to feel like a great place for a while as we adjust to the new world order where U.S. bond yields are going up, not down," says Richard Yetsenga of ANZ Bank.
- Hong Kong -2.3%, China -0.6% , India -0.4%, Indonesia -5.9%.