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Equities have started to tumble after gains during Asian session as risk aversion have started jolting markets again.
Global growth fear led by China and emerging markets is the main theme. However as of now, risk aversion is still at an early stage and yet to intensify. Yen has gained from the initial jolt but to carry on further signs of risk aversion need to materialize.
- Indian benchmark stock index, which was up in Asian hours, is down about 1.8% so far today.
- Australia's benchmark stock index, ASX 200 closed +0.54%, but future is now down more than 1%.
- Japan's Nikkei future is down close to 2% so far.
- German DAX is down -1.75%, while European blue-chip index, EuroStxx50 is down more than -2.1%.
- UK's FTSE 100 is down -1.85% so far today.
- US benchmark S&P 500 future is down close to -1.5%.
Yen has gained over signs of risk aversion. Yen is currently trading at 119.85 against dollar, up 0.55% so far today.
Focus is now on New York session for further clarification over further movement.
