"A sea of red" across Asia, exaggerated only modestly by the catch-down from Friday's losses in the US, has left traders reeling across all markets as EM stocks and FX crash, and bond yields tumble.
A gauge of emerging-market stocks dropped as much as 8.4% on Monday, its biggest intra-day move since 2008, with significant declines in mainland China, Hong Kong, South Korea, India and Taiwan
