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Grim Milestones Flash Across Asian Stocks as Risk-Off Deepens

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South Korea,Japan,Foreign Investors

(Bloomberg) -- Asian stocks tumbled at the start of a new week as fears of a deeper US economic slowdown and rising tensions in the Middle East prompted...

-- Asian stocks tumbled at the start of a new week as fears of a deeper US economic slowdown and rising tensions in the Middle East prompted investors to shun risk assets.A Radical Fix for Britain’s Housing Crisis: A New Offshore City

This “feels more like a global equities risk off in general and the profit taking is being done in sectors or geographies that have done well,” said Vey-Sern Ling, managing director at Union Bancaire Privee. “Sentiment toward stocks will likely remain fragile for now as the market debate will likely remain on US soft-landing versus a recession, with the next major labor market report a month out,” said Chetan Seth, an Asia-Pacific equity strategist at Nomura Holdings Inc.China’s CSI 300 Index was little changed; Hong Kong’s Hang Seng Index declines 0.5%; Hong Kong’s Hang Seng China Enterprises Index falls 0.7%South Korea’s Kospi Index declines 5.4%; South Korea’s Kospi 200 Index falls 5.

Global Wrap: A global stocks selloff deepened on Monday as concerns grew that the Federal Reserve is behind the curve with policy support for a slowing US economy, sending investors into the safety of bonds. Japanese shares plunged as traders priced in more domestic rate hikes.

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