Asia Stocks Extend Rout as Japan Plunges; Aussie Rises - Bloomberg

Asia Stocks Extend Rout as Japan Plunges; Aussie Rises - Bloomberg:



"Asian stocks tumbled, extending a global selloff, with Japanese and Hong Kong shares dragging the regional index toward its lowest close in five months. The Australian dollar surged as the country’s central bank held rates, while emerging-market currencies rose.



The MSCI Asia Pacific Index lost 2.6 percent by 3:28 p.m. in Tokyo, the most since June. Japan’s Topix index plunged 4.8 percent, entering a correction, and the Hang Seng Index slid 2.6 percent in Hong Kong. Standard & Poor’s 500 Index (SPX) futures rose 0.2 percent after the gauge sank the most since June in New York. The so-called Aussie climbed 1.5 percent while currencies in Malaysia, Thailand and Indonesia gained at least 0.2 percent. Zinc fell 0.3 percent, declining for a 10th day and heading for the longest run of losses since January 1989."



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