Asian equities sure are feeling the heat today

A sea of red is covering Asia in equity trading today

  • Nikkei -2.20%
  • Hang Seng -1.39%
  • Shanghai Composite -0.48%
  • CSI 300 -0.61%
  • Kospi -0.77%
  • ASX 200 -0.74%

It’s just that kind of day, following further pressure to European and US stocks in yesterday’s trading.
The key for the Nikkei will be to watch whether or not it closes below the 200-day MA:

That will be an ugly one and a key technical break for the slide to extend further in the coming days.
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