Hello readers,
Today's market action has been nothing short of turbulent, with the Nikkei 225 experiencing its largest drop since the 1987 crash, plummeting over 12%. This global stock-market selloff has sent shockwaves through the financial world, leading to a sharp decline in U.S. stock futures and a rush to the safety of bonds.
Amid this chaos, technology shares continue to slump, with major players like Nvidia, Apple, and Meta each losing 5% or more. The cryptocurrency market has also taken a hit, with Bitcoin and other digital assets plunging.
Investor concerns about a slowing U.S. economy have taken center stage following a sharp slowdown in job growth in July.
To stay updated on the latest market news, follow our live coverage throughout the day.
Further exacerbating the situation, hedge funds heavily invested in popular trades are now unwinding their positions, amplifying market volatility.
For more insights into the causes of this selloff, read the full article here.
Stocks to watch include Apple, Nvidia, Coinbase, Tesla, and Kellanova, with each experiencing significant premarket movements.
As the market continues to react to these developments, it's crucial to stay informed and prepared for potential shifts in the financial landscape.
Best regards,
Daniel Silva
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