The Hang Seng was the worst performer of the major Asian equity indices on Tuesday, ending the day down 415 pts at 12,758 for a loss of 3.1%. All sectors were down significantly today.

The Australian ASX200 was the star of the day, only finishing down 19.6 pts or 0.58% at 3331.7, managing to hold above the all important 3217 low. The only sector in the positive today in Australia was the Energy sector, with the Financials weighing the market down most.

In Japan the Nikkei 225 ended the day down 1.46% at 7,268.56, a loss of 107.6 pts with the Communications and Industrial sectors shining while Energy and Technology weighed the market down.

As Sean mentioned earlier in the day, it appears the direct nexus between equity markets going and the risk currencies automatically sold has broken down somewhat.