"While US markets were also weaker, losses have definitely accelerated in Asia. Confidence in the risk space is under threat from re-emerging Greece and Portugal issues. Tension in Egypt is also causing oil prices to spike and this is generally negative for equities.
WTI is up 2.1% to 101.69 and Brent is higher by 0.9% to 104.88. Japan has remained surprisingly resilient in the face of a regional sell-off, with the Nikkei managing to hold its ground above 14,000." igmarkets.com.au
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