Asia markets open lower; Nikkei down 2%, Kospi lower by 1.7% and ASX 200 down 1.3%

[mobeau69]

Source: CNBC

Asia markets fell in early trade on Monday, following a sharp decline in U.S. stocks on Friday amid a stronger-than-expected jobs report that sent interest rates higher.

In Australia, the ASX 200 fell 1.31 percent to 6,041.40 in morning trade, with most sectors trading lower. The heavily weighted financial subindex was down 1.07 percent, while the energy and materials sectors fell 2.14 percent and 2.13 percent, respectively.

In Japan, the Nikkei 225 fell 2.06 percent in early trade, while the Topix index was down 1.71 percent. South Korea's Kospi index fell 1.66 percent.

Elsewhere, U.S. futures fell notably as Wall Street added to the large losses set last week. The Dow Jones industrial average futures were down 223 points at 8:13 a.m. HK/SIN, after briefly falling more than 250 points. S&P 500 and Nasdaq futures fell 19 points and 38.75 points, respectively.

Read more: https://www.cnbc.com/2018/02/04/asia-markets-dollar-moves-china-data-oil-prices-in-focus.html

[AJT]

1. It will be the end of their day that will be intersting.

But tomorrow's NYSE day will be telling. If the US market recovers so will the others.

[ashredux]

2. Watch for panic

Maybe the Big one

[onenote]

9. Or not.

[Mr.Bill]

3. I don't want to see the stock market crash,

but it will be fun listening to how Trump blames it on someone else.

[liberal_patriot_md]

4. Same.

But it will shut up him and his supporters. It will be tough for home to brag about it for a while.

The market hates instability. Trump has shown his willingness to create instability in the US government to serve his own needs.

Something else to remember is that this was triggered in the US also because wages rising with full employment. Wall Street is not a fan of the worker. When wages rise, profits shrink. That means less for shareholders. They don’t like that. Prices rise. That brings inflation. Interest rates rise. It becomes more expensive to borrow money.

[politicaljunkie41910]

5. Also the debt was already climbing to record highs, this will just make the increase in the debt

ceiling that much more expensive to increase, and that stupid wall that no one wants or thinks we need, that much more expensive. Maybe Paul Ryan can explain this to Trump that money doesn't really 'grow on trees'.

[Javaman]

8. he's either blame Obama or Hillary for whatever reason.

or possibly Mueller.

[nitpicker]

6. Europe down too (see 3:41 post)

http://www.bbc.com/news/live/business-42920213

[progree]

7. "Hardly any national stock market on the Continent is now still higher than at the turn of the year"

speaking of Europe, but I couldn't squeeze that on the title line.

http://www.dw.com/en/european-stocks-tumble-on-strong-euro/a-42454258

European stocks tumble on strong euro
Stocks across Europe have dived, tracking losses in the US and Asia. Hardly any national stock market on the Continent is now still higher than at the turn of the year, with Germany's blue-chip DAX being no exception.

...Europe's STOXX 600 shed 1.1 percent in early trading, on track for its sixth straight day of decline.

The pan-European index hit a two-month low, giving back all the gains it made in the bullish new year rally. Among major European equity markets, only Spain and Italy were still higher than at the turn of the year, with the UK being the worst performer.

European stock markets -- with tabs for Asia and America:

http://money.cnn.com/data/world_markets/europe/