Morning update - dramatic day in global markets
Dear friends, panic is growing and declines are spreading worldwide
As of this moment, markets are painted bright red
Asia-Pacific stock markets: Hong Kong: -8.7% Singapore: -7% Japan: -6% China: -5.5% Malaysia: -4.2% Australia: -4.1% Philippines: -4% New Zealand: -3.6%
Crypto: Bitcoin -8% (around 76K) Ethereum -15% (around $1500) other coins also in double-digit dives
Futures - US: After a very aggressive open in the early morning, futures are calming down slightly, this is how it looks now: -S&P500: -3.8% -Nasdaq 100: -4.65% -Russell 2000: -4% The VIX (fear index): up 14%!
Overnight trading - notable stocks: $HOOD -17% $APP -17% $PLTR -10% $TSLA -10% $NVDA -10% $AVGO -10% $AMD -9% $META -8% $AMZN -6% $GOOGL -6%
Since February 19, over $13 trillion has been wiped from US markets.
The Nasdaq 100 and the S&P 500 are both opening in bear market territory (minus 20% from all-time highs).
Buckle up! This day is going to be historic
All eyes are on the Fed, will it announce an emergency move to save the markets?
Stay tuned, we will continue to update