The relationship between Asian and US stocks is falling apart


MSCI's broadest index of Asia-Pacific shares outside Japan dropped 1.3 percent, with Australian shares slipping as much as 0.7 percent to two-year lows. Japan's Nikkei shed 1.7 percent to fresh nine-month lows. China's benchmark Shanghai Composite and the blue-chip CSI 300 fell 0.8 percent and 0.9 percent, respectively, while Hong Kong's Hang Seng was off 0.7 percent.

Singapore: Something strange is happening in the world of global stocks. After years of trading in line with American stocks, Asian equities are no longer moving in tandem.

Asia’s regional benchmark has slumped about 6.5% in the past year, with the MSCI Asia Pacific Index still not recouping all of the losses during the global market rout if late 2018.

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