Asian markets were lower across the board on Wednesday amid lingering worries over China’s economy, while overnight losses on Wall Street further ignited a flight-to-safety.
Copper was in focus as prices fell to their lowest level in nearly four years overnight. Selling was intensified by worries about cooling Chinese demand and the liquidation of inventories used for finance deals.
Tai Hui, Chief Market Strategist Asia at J.P. Morgan Funds, told CNBC’s Asia Squawk Box, “The timing of this volatility coincided with a level of pessimism on China that we haven’t seen for quite some time.
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