The U.S. dollar tumbled and Treasury debt and gold prices jumped on Monday after talks to sell Lehman Brothers faltered, leading to grave uncertainties about other banks and shaken confidence in the financial system.
Asian markets are trading in negative territory as we speak except for China, HK, Japan & Korea which are having a national holiday & perhaps not a bad timing. We can expect a turbulent session tonight when the U.S. markets reopen for business.
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