Hang Seng (Hong Kong) down 5.5%
Straits Times (Singapore) down 6.0%
Shanghai Composite down 5.1%
BSE 30 (India) down 8.1% (!)
RTS (Russia) down 3.8%
DAX (Germany) down 3.1%
AUD/JPY 92.4 and falling, approaching the August low (carry trade is unwinding)
Truly, when the United States sneezes, the rest of the world catches a cold.
Hope no one here has any long positions in emerging markets.
