Msci Asia: Market Volatility and Year Peak

msci asia: In Japan the Nikkei was off 3.2% and has now dropped around 13% from a 27-year peak of 24,448.07 touched in early October, according to The Guardian. Dow Jones falls 600 points as market volatility continues as it happened Read more A broad indicator of shares in the region the MSCI Asia Pacific index has now fallen 20.3% from the year-to-date high set on 29 January, representing an official bear market. In Australia the benchmark ASX200 closed down 164 points or 2.8% as it suffered its fifth straight day of losses. The Vix fear index, which measures volatility across the market, has spiked sharply this week and was up 21% overnight. This sell-off makes us think the market may be set for capitulation, said Shoji Hirakawa, chief global strategist at Tokai Tokyo Research Center. We haven't thought that selling would be this steep. (news.financializer.com). As reported in the news.