Global Markets – Bunds rally, APAC equities down

The German 10 year yield dropped more than 20bps at the open and currently stands at 0.74
Friday close was at 0.917
Asian equity indices are a sea of red; the Nikkei has closed 3 % lower, while the Shanghai Composite lost 2 % (being down 7.5 % at one point, though)
Market participants are now waiting for the EU equities open; some expect a 400-500 points drop in the DAX, while the Italian MIB is expected to post an even larger decline
EU stock markets will open in 30 minutes…