Stock Market Rout In Asia Continues Early Tuesday

As noted earlier the stock markets got pounded Monday in Asia and Europe and on the US futures exchanges while the US was celebrating the Martin Luther King holiday. So far in Japan this morning the selling continues. here is Bloomberg:

Jan. 22 (Bloomberg) -- Japan's stocks plunged, with the Nikkei 225 Stock Average set for its worst two-day drop in more than a decade. The yen strengthened while commodities prices and European shares plunged, adding to concern world economic growth is faltering.

The Emini S&P futures are trading 1267 right now (monday night 7:36 cst) after closing friday at 1325. That is down 4.3%.