UH-OH: Chinese And Australian Stock Markets Are Diving, Shanghai Composite Down 1.3%

Image: AP

The Shanghai Composite is down 1.3% right now, extending a three day sell-off. ?Investors seem to be getting increasingly worried about a hard landing scenario.

All of the other Asian markets are also trading down.

Korea's Kospi is down 0.5%.

Japan's Nikkei is down 0.6%.

Australia's S&P/ASX is down 1.2%.

Hong Kong's Hang Seng is down 0.8%.

Shanghai Composite is down 1.7%

After being in the red for most of day, U.S. markets closed modestly higher. Earlier today, the ECB announced that it loaned nearly half a trillion euros to banks through its LTRO plan.

DON'T MISS:?MORGAN STANLEY: The Complete Guide To China's Economy In 2012 And 2013

Source: http://www.businessinsider.com/asian-markets-21-2011-12

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