Equities are continuing to be hammered with tech shares leading losses. Before some last-minute buying by China's plunge protection team, the Hang Seng was down over 13% at one point just now. Meanwhile, Nasdaq futures are now down 5.8%. It's a real bloodbath out there. The risk aversion is starting to ramp up again with 10-year yields in the US now down to 3.89% and USD/JPY nudging back towards another test of 145.00 today:
It doesn't look like there will be much relief at least to start European morning trade.
As a reminder, circuit breakers for US indices and futures will kick in at 7%. The last time we got into that was back during the height of the Covid pandemic.
This article was written by Justin Low at www.forexlive.com.Hence then, the article about risk off flows ramp up again as we get into european trading was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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