Sell-off in global stock markets, USD

in markets •  7 years ago 

The US dollar edged lower against all of its G10 counterparts amid the Trump-related tensions and the softer-than-expected industrial production in July (+0.2% month-on-month vs. +0.3% expected and 0.4% printed a month earlier). The US stocks were offered in New York.

A decent sell-off hit the Dow Jones (-1.24%), the S&P500 (-1.54%) and the NASDAQ (-1.94%) on Thursday. The IT stocks (-1.68%), financials (-1.54%), energy (-1.16%) and mining stocks (-1.40%) were offered aggressively in the Wall Street; money flew into the US sovereign markets. The US 10-year yields slipped below the 2.20% level shortly.

Asian equities traded on a negative note. Nikkei (-1.18%) and Topix (-1.08%) extended losses on stronger yen, Hang Seng (-0.790%) and Australia’s ASX 200 (-0.56%) joined the bear market as Asian investors also walked away from the IT, energy, mining stocks and financials.

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