Asian stocks are down across the boars.....>

EQUITIES: Asian stocks are down across the boars amid the contagion from the

collapse in the TRY and ZAR, with most major indices down by roughly 2.0% from

Friday's close. 

- The Nikkei is down 1.8%, with every subsector down and IT down the most at

3.1%. Prices are testing the uptrend from the March lows.

- The Hang Seng is down 1.87% with every sector in the red on the day. Prices

remain above the August 2 lows but the failure of the recent rally to overcome

the July 26 highs is a bearish signal. The CSI 300 is also down 1.85%. 

- The ASX200 is the outperformer on the day, thanks to weakness in Aussie

dollar, with the index down a modest 0.48%. The uptrend is losing steam, though,

with last week's failure to hold above 6,300 a bearish signal. A break below

6,235 is likely to trigger further weakness.