ASX 200 to fall, S&P 500 posts worst day since 2022, VIX hits highest level since Covid

LiveWire08-06

ASX 200 futures are trading 27 points lower, down -0.35% as of 8:30 am AEST. Source: Market Index S&P 500 SESSION CHART S&P 500 gaps down but finished off worst levels (Source: ...

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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nASX 200 to fall, S&P 500 posts worst day since 2022, VIX hits highest level since Covid\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-08-06 06:49 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.livewiremarkets.com/wires/asx-200-to-fall-s-p-500-posts-worst-day-since-2022-vix-hits-highest-level-since-covid><strong>LiveWire</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>ASX 200 futures are trading 27 points lower, down -0.35% as of 8:30 am AEST.\n\n\n\n\n\n\n\n\n\n\nSource: Market Index\nS&P 500 SESSION CHART\n\n\n\n\n\n\n\n\n\nS&P 500 gaps down but finished off worst levels (Source: ...</p>\n\n<a href=\"https://www.livewiremarkets.com/wires/asx-200-to-fall-s-p-500-posts-worst-day-since-2022-vix-hits-highest-level-since-covid\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"UVXY","symbol_name":"1.5倍做多恐慌指数短期期货ETF","start_time":0,"source_url":"https://www.livewiremarkets.com/wires/asx-200-to-fall-s-p-500-posts-worst-day-since-2022-vix-hits-highest-level-since-covid","article_id":"2457087865","we_media_id":null,"thumbnails":[],"rights":{"source":"livewire_stock","url":"https://www.livewiremarkets.com/wires/asx-200-to-fall-s-p-500-posts-worst-day-since-2022-vix-hits-highest-level-since-covid","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2457087865","pubTimestamp":1722898166,"sourceInfo":{"source_id":"livewire_stock","name":"Livewire Markets"},"weMediaInfo":null,"summary":"ASX 200 futures are trading 27 points lower, down -0.35% as of 8:30 am AEST.S&P 500 gaps down but finished off worst levels . Major US benchmarks finished sharply lower but off worst levels – Approximately US$1.4 trillion was wiped out from the market overnight. S&P 500 logged its worst session in almost two years, now down 8.5% from 16-Jul record highs. Broad-based selloff, with all sectors red and only 22 advancers in the S&P 500. Big Tech was the largest drag on benchmarks, with most names down 3-6%. Bitcoin down 5.6% but at one point falling 15% and below US$50,000. VIX briefly spiked to 65.7 – This marks the third biggest jump in history after the GFC and Covid. Unwinding of Yen carry trade was the key driver of the global risk-off, which was compounded by recent growth worries, the continued unwinding of systematic long/short trades, rising Middle East tensions and US political uncertainty. South Korea, Taiwan stock markets hit worst losses since 2022 as circuit breakers activate","collect":0,"end_time":0,"defaultTopTitle":"livewiremarkets.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"UVXY":"1.5倍做多恐慌指数短期期货ETF","PSQ.AU":"PACIFIC SMILES GROUP LTD","VOO":"Vanguard标普500ETF","DJW.AU":"DJERRIWARRH INVESTMENTS LIMITED","BK7036":"特种化学制品","WDS.AU":"WOODSIDE ENERGY GROUP LTD","VIX":"标普500波动率指数","BK4213":"石油与天然气的勘探与生产","BKI":"巴克艾科技","BK7073":"电子制造服务","LTM":"南美航空集团","SH":"标普500反向ETF","BK7142":"石油与天然气的勘探与生产","AMH.AU":"AMCIL LIMITED","BK4215":"住宅房地产投资信托","IVV":"标普500指数ETF","CKF.AU":"COLLINS FOODS LTD","BK4228":"单户式住宅房地产信托","BK4585":"ETF&股票定投概念","BK4534":"瑞士信贷持仓","SSO":"两倍做多标普500ETF","LTM.AU":"Arcadium Lithium plc","AD8.AU":"AUDINATE GROUP LTD","FT":"富兰克林通用信托","WDS":"Woodside Energy Group Ltd","TVIX":"二倍做多VIX波动率指数短期期权ETN","BKI.AU":"BKI INVESTMENT CO 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200指数下跌，标普500录得2022年以来最糟糕的一天，VIX触及新冠疫情以来最高水平","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PSQ":1,"BKI":1,"BKI.AU":1,"CKF.AU":1,"CRN.AU":1,"DJW.AU":1,".SPX":1,"LTM":1,"LTM.AU":1,"MYG.AU":1,"FT":1,"PSQ.AU":1,"SPY":1,"SVXY":1,"TVIX":1,"UVXY":1,"VOO":1,"VXX":1,"WDS":1,"WDS.AU":1,"AAI.AU":1,"AD8.AU":1,"AFR.AU":1,"AMH":1,"AMH.AU":1,"VIX":0.9,"NVDA":0.7,"OEX":0.6,"SDS":0.6,"SH":0.6,"SPXU":0.6,"SSO":0.6,"OEF":0.6,"IVV":0.6,"ESmain":0.6,"COIN":0.6},"content_text":"ASX 200 futures are trading 27 points lower, down -0.35% as of 8:30 am AEST.\n\n\n\n\n\n\n\n\n\n\nSource: Market Index\nS&P 500 SESSION CHART\n\n\n\n\n\n\n\n\n\nS&P 500 gaps down but finished off worst levels (Source: TradingView)\nOVERNIGHT MARKETS\n\n\nMajor US benchmarks finished sharply lower but off worst levels – Approximately US$1.4 trillion was wiped out from the market overnight \n\nS&P 500 logged its worst session in almost two years, now down 8.5% from 16-Jul record highs\n\nBroad-based selloff, with all sectors red and only 22 advancers in the S&P 500\n\nBig Tech was the largest drag on benchmarks, with most names down 3-6%\n\nBitcoin down 5.6% but at one point falling 15% and below US$50,000\n\nVIX briefly spiked to 65.7 – This marks the third biggest jump in history after the GFC and Covid \n\nUnwinding of Yen carry trade was the key driver of the global risk-off, which was compounded by recent growth worries, the continued unwinding of systematic long/short trades, rising Middle East tensions and US political uncertainty\n\nTraders assigned 60% chance of emergency rate cut at height of Monday sell-off (BI)\n\nCBOE VIX logged it largest ever intraday jump on Monday (Reuters)\n\nInvestors pulled over US$800m from commodity ETFs last week, largest outflow since Dec-22 (Bloomberg)\n\nAsian markets hit circuit breakers and European stocks set for biggest three-day decline in two years (Bloomberg)\n\nJapan stock market enters bear market territory, exacerbated by yen strength (FT)\n\nJapanese Yen jumps to 7-month highs against dollar amid worries over US slowdown (Reuters)\n\nSouth Korea, Taiwan stock markets hit worst losses since 2022 as circuit breakers activated for first time in four years (Bloomberg)\n\nSTOCKS\n\n\nBuffett's Berkshire Hathaway unloads nearly half of its gigantic Apple stake (CNBC)\n\nElliott says Nvidia is in a bubble and AI is overhyped (FT)\n\nNovo Nordisk spends record amounts on research to fight off weight-loss rivals taking its market share (FT)\n\nUS utility stocks receive big inflows as the emergence of power-hungry AI drives surge in electricity demand (FT)\n\nCENTRAL BANKS\n\n\nTraders assigned 60% chance of emergency rate cut at height of Monday sell-off (BI)\n\nSoft July employment report challenges soft-landing narrative, raises worries Fed behind the curve (FT)\n\nMinutes show some BOJ policymakers warned rising import prices from weak yen hurting consumer sentiment (Reuters)\n\nRBA expected for a hawkish hold, board seen warning about upside risks in inflation (Bloomberg)\n\nPOLITICS & GEOPOLITICS\n\n\nHarris narrows VP search to Pennsylvania Governor Shapiro and Minnesota Governor Walz (Reuters)\n\nIsrael prepares for possible Iran attack while Washington presses for Gaza ceasefire, deploys additional military (Bloomberg)\n\nUS Commerce Department to propose prohibiting Chinese software in autonomous and connected vehicles in coming weeks (Reuters)\n\nNorth Korea says deployed 250 new mobile launchers for ballistic missiles that can deliver nuclear strikes on South Korea, US bases (Bloomberg)\n\nECONOMY\n\n\nUS service sector PMI rebounds in July, employment also recovers (Reuters)\n\nGoldman Sachs raises US recession 2025 risk to 25% from 15% prior (Bloomberg)\n\nChina Caixin services activity continues to expand in July (Reuters)\n\nUK services sector growing at fastest rate since May 2023 (Reuters)\n\nJapan service activity returns to growth in July on solid domestic demand (Reuters)\n\nGerman consumer confidence rises despite economic slump, fueled by wage gains (Bloomberg)\n\n\n\n\n\n\n\n\n\n\n\n\nUS-listed sector ETFs by iShares, Global X and VanEck (Source: Market Index)\nASX TODAY\n\n\nAudinate reports preliminary FY24 EBITDA of $19.5-20.5m vs. consensus $20.5m, drivers of revenue during FY24 not expected to continue into FY25 (AD8)\n\nAustralian government to cap university overseas enrollment to 40% of students, sources say the caps will commence 1-Jan-2025 (AFR)\n\nCoronado Global reports second quarter results, with $673.8m revenue vs. consensus $657m (CRN)\n\nGalan Lithium receives $150m takeover bid from EnergyX – This news was leaked to the AFR, driving the share price 15% higher on Monday (AFR) \n\nWoodside Energy Group to acquire OCI Clean Ammonia for $2.35bn cash (WDS)\n\n WHAT TO WATCH TODAY\nWow. What a wild start to the week. The unwinding of the Yen carry trade is probably the biggest story – You can ready my 'explain it like I'm five' piece here.\nIf I had to summarise everything in a few simple sentences I would say – We've seen a massive implosion for global markets. This reflects a pivot from inflation worries to recession, and the unwinding of the Yen carry trade has only added further insult to injury. Traders are now pricing in a 60% chance of an emergency Fed rate cut – the US clearly wants none of this. Regardless of what happens, we're now left with a lot of volatility. Even if the market bottoms, this is the prime environment for whipsaw action and wild swings. Unless your thrive off volatility, the current market is not for the light hearted.\n\nKeep an eye out for dip buying price action – Most of our overnight ETFs ticked lower but well off worst levels. (E.g. Global X Copper Miners ETF fell -3.8% vs. session lows of -7.3%). Let's see if this can drive a bit of a bounce for local equities.\nBROKER MOVES\n\nPro Medicus downgraded to Hold from Buy; target remains $120 (Jefferies)\n\n\nKEY EVENTS\nStocks trading ex-dividend: \n\n\nTue 6 Aug: BKI Investment Company (BKI) – $0.04,  Amcil (AMH) – $0.03\n\nWed 7 Aug: Mayfield Group (MYG) – $0.02, Pacific Smiles (PSQ) – $0.07\n\nThu 8 Aug: None\n\nFri 9 Aug: Djerriwarrh Investments (DJW) – $0.08, Aloca (AAI) – $0.107\n\nMon 12 Aug: None\n\nOther ASX corporate actions today: \n\n\nDividends paid: Collins Foods (CKF) – $0.155\n\nListing: None  \n\nEarnings: Arcadium Lithium (LTM), Coronado Global (CRN)\n\nAGMs: None\n\nEconomic calendar (AEST):\n\n\n2:30 pm: RBA Interest Rate Decision\n\n7:00 pm: Eurozone Retail Sales (Jun)\n\n10:30 pm: Canada Balance of Trade (Jun)\n\nThis Morning Wrap was written by Kerry Sun.\n\n\n\nNever miss an update\n\n    Enjoy this wire? Hit the ‘like’ button to let us know. \n    Stay up to date with my current content by \n    following me below and you’ll be notified every time I post a wire","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2457087865"}