Regional share markets were all well down from there open with commodity and energy stocks leading. The Nikkei finished the morning session down 3.1%, the ASX200 is down 2.9% at the moment and the Kopsi is trading 2.8% lower.
In Tokyo exporters were hit hard as were trading houses on the back of a rising Yen and oil and copper prices tumbling, Nippon Steel -3.5%, Nikon -5.5%. In Sydney the miners were all lower, BHP -4.1%, RIO -4.4%, as were oil stocks and gold stocks, WPL -2.8%, NCM -4.6%. The Banks havent escaped the sell of either with all banking stocks down over 3%.
Markets remain cautious about buying ahead of the Fed’s two day meeting.
