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AsiaPac Stocks Plunge Most In 8 Months As China Money Market Turmoil Accelerates
09-12-2016, 12:54 AM,
#1
AsiaPac Stocks Plunge Most In 8 Months As China Money Market Turmoil Accelerates
AsiaPac Stocks Plunge Most In 8 Months As China Money Market Turmoil Accelerates

<p>Hong Kong Interbank borrowing rates spiked to 6-month highs as a combination of central-planning-inspired liquidity restriction and global 'risk-off' strikes. <strong>3M HIBOR spiked 95bps to 4.21% - its highest in 6 months</strong>; and Chinese stocks are feeling the pain, tumbling most in 3 months. Having reached historical lows in volatility, it appears 'pent-up' anxiety is coming back with fury. The broad-based <strong>MSCI Asia APEX 50 index is down 3.5% - the most in 8 months</strong>...</p>
<p><a href="http://www.zerohedge.com/news/2016-09-08/chinese-central-bank-crushes-yuan-shorts-launching-bitcoin-buying-spree">This could be a problem...</a></p>
<p><a href="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2016/09/07/20160911_shcomp2.jpg"><img height="318" src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2016/09/07/20160911_shcomp2_0.jpg" width="600" /></a></p>
<p>&nbsp;</p>
<p>And Chinese stocks are displeased...</p>
<p><a href="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2016/09/07/20160911_shcomp1_1.jpg"><img height="302" src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2016/09/07/20160911_shcomp1_0.jpg" width="600" /></a></p>
<p>&nbsp;</p>
<p>India is down most in a month...</p>
<p><a href="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2016/09/07/20160911_shcomp3.jpg"><img src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2016/09/07/20160911_shcomp3_0.jpg" style="width: 600px; height: 315px;" /></a></p>
<p>&nbsp;</p>
<p>And Indonesia is down most in 7 months...</p>
<p><a href="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2016/09/07/20160911_shcomp4.jpg"><img src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2016/09/07/20160911_shcomp4_0.jpg" style="width: 600px; height: 323px;" /></a></p>
<p>&nbsp;</p>
<p><em>&quot;It's probably nothing&quot;</em></p>
<p>&nbsp;</p>
<p><em>Charts: Bloomberg</em></p>


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