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Chinese Stocks Plunge Below Key Support, Global Tech Wreck Escalates

Asia's 'FANG' stocks are tumbling once again as the global tech wreck continues to escalate (TATS down 10% from highs).

Taiwan Semi, Alibaba, Tencent, and Samsung (TATS) are down 7 days in a row and over 10% - the biggest such drop on record...

 

While Chinese bonds are holding back from their 4.00% yield line of doom, Chinese stocks are tumbling with the benchmark Shanghai Composite breaking below key support to 4-month lows.

 

But whoile Shanghai Comp is down notably, it is the tech and small cap heavy Shenzhen and CHINEXT that are getting hit hard...