Selloff Continues Through The Night: Asia Crushed, European Bank Shares Tanking On "Volcker"

The ugliness of the morning sessions in Asia continued, as indices fell across the board.

Japan was slammed, the hardest, ending down about 2.6%. Taiwan fell 2.5%. Others fell around 1%. Whether the markets were responding to the Volcker Rule, the US selloff, or something else, jitters around the world have picked up considerably all at the same time.

In Europe, the action wasn't quite as ugly, but banks got hit hard.

WSJ:

Switzerland's Credit Suisse Group slid 5%, while Germany's Deutsche Bank fell more 4% over what some analysts termed potentially massive changes in the U.S. banking industry, where European investment banks reap a major share of their overall profits. In the U.K., Barclays lost 4%. UBS was 4% lower and France's BNP Paribas was down 2%.

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