Asian stocks are down 1%+. Nothing too scary, just ordinary face-punching.
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The ASX200 is deceptive today. 200 odd gainers and 900 or so decliners. That 1% drop is a mirage. Take out the big boys (BHP and the BANKS) that had a technical bounce late in the session. Mid and small cap growth stocks were annihilated today, many down around 10% and parachuting through their 200 day MA’s.