Stock Market Alert - Combine extremely weak markets in Asia with a plummeting market in the US and you have a recipe for disaster for ASIA, which saw its stock drop over 15% on the session to close the day at $6.90. Volume was heavy as the bottom dropped out of the stock, with over 1.4 million shares of the stock changing hands, compared to a normal daily average volume of 587k shares traded. Look to the Asian markets tonight for guidance as to how ASIA will trade tomorrow. If the Asian markets continue to freefall, then ASIA should continue to be weak on Wednesday.
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