Peter1469
02-06-2018, 05:50 AM
Global markets tumble, mirroring Dow decline (https://www.washingtonpost.com/world/theres-genuine-carnage-out-there-asian-markets-tumble-early-mirroring-dows-decline/2018/02/06/95e75e78-0ab7-11e8-998c-96deb18cca19_story.html?utm_term=.082b6b868c67&wpisrc=al_economy%2Fbusiness__alert-world--alert-economy&wpmk=1)
Asian markets dropped 6.1% on Tuesday. I have heard on the news this morning that DOW Futures appear steady.
Global markets fell sharply on Tuesday following a volatile day (https://www.washingtonpost.com/business/economy/dow-drops-more-than-300-at-opening-extending-fridays-losses/2018/02/05/624f72c6-0a80-11e8-8890-372e2047c935_story.html?utm_term=.c6c38780383a) in U.S. trading, renewing questions about whether the long-running global stock rally is heading for a rout and potentially testing President Trump.
The hard tumble began Tuesday in Asia. Japan’s Nikkei stock index closed down nearly 4.7 percent, recovering from a precipitous 7 percent plunge earlier in the day. Hong Kong’s Hang Seng Index closed down 5.1 percent, while Australia, Korea and China also lost ground (https://www.channelnewsasia.com/news/business/asian-markets-plunge-as-wall-street-rout-spreads-9931644).
Minutes after the European markets opened, there were sharp declines across most sectors in a morning sell-off.
The Stoxx 600 index, which tracks Europe’s largest companies, fell by more than 2 percent in the first hour and Frankfurt’s Xetra Dax 30 sunk 3.5 percent. London’s FTSE 100 also lost 3.5 percent in opening trading, with banks and financial stocks hit hardest.
Many people claim the DOW reacts to what Asian markets are doing (a day ahead for the US). I think it more likely that Asian markets are reacting to what the DOW does (the day prior for them). I am referring to large changes, not normal operating days.
Asian markets dropped 6.1% on Tuesday. I have heard on the news this morning that DOW Futures appear steady.
Global markets fell sharply on Tuesday following a volatile day (https://www.washingtonpost.com/business/economy/dow-drops-more-than-300-at-opening-extending-fridays-losses/2018/02/05/624f72c6-0a80-11e8-8890-372e2047c935_story.html?utm_term=.c6c38780383a) in U.S. trading, renewing questions about whether the long-running global stock rally is heading for a rout and potentially testing President Trump.
The hard tumble began Tuesday in Asia. Japan’s Nikkei stock index closed down nearly 4.7 percent, recovering from a precipitous 7 percent plunge earlier in the day. Hong Kong’s Hang Seng Index closed down 5.1 percent, while Australia, Korea and China also lost ground (https://www.channelnewsasia.com/news/business/asian-markets-plunge-as-wall-street-rout-spreads-9931644).
Minutes after the European markets opened, there were sharp declines across most sectors in a morning sell-off.
The Stoxx 600 index, which tracks Europe’s largest companies, fell by more than 2 percent in the first hour and Frankfurt’s Xetra Dax 30 sunk 3.5 percent. London’s FTSE 100 also lost 3.5 percent in opening trading, with banks and financial stocks hit hardest.
Many people claim the DOW reacts to what Asian markets are doing (a day ahead for the US). I think it more likely that Asian markets are reacting to what the DOW does (the day prior for them). I am referring to large changes, not normal operating days.