{"id":212401,"date":"2010-01-22T05:58:00","date_gmt":"2010-01-22T10:58:00","guid":{"rendered":"http:\/\/www.businessinsider.com\/selloff-continues-through-the-night-asia-crushed-european-bank-shares-tanking-on-volcker-2010-1"},"modified":"2010-01-22T05:58:00","modified_gmt":"2010-01-22T10:58:00","slug":"selloff-continues-through-the-night-asia-crushed-european-bank-shares-tanking-on-volcker","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/212401","title":{"rendered":"Selloff Continues Through The Night: Asia Crushed, European Bank Shares Tanking On “Volcker”"},"content":{"rendered":"

\"angry<\/p>\n

The ugliness of the morning sessions in Asia continued<\/a>, as indices fell across the board.<\/p>\n

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.<\/p>\n

In Europe, the action wasn’t quite as ugly, but banks got hit hard.<\/p>\n

WSJ<\/a>:<\/p>\n

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%.<\/p>\n

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