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Global stocks sell-off deepens as panic grips markets - live

There's no good news'

An analyst in Shanghai, Qi Yifeng, at consultancy CEBM, put it quite pithily to Reuters.

The market is in a downtrend. There’s no good news, stocks are still expensive, and there’s no fresh money coming in. With no RRR (reserve requirement) cut over the weekend, the market will directly head south.

For a good summary of where we’re at across the region today, my colleague Justin McCurry has sent this dispatch from Tokyo. here’s how he starts:

Fears of a slowdown in the Chinese economy sent Asia-Pacific stocks plummeting on Monday, days after Wall Street suffered its biggest one-day loss in almost four years

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