GLOBAL MARKET MELTDOWN DEEPENS ⚠️
Asia:
*Japan’s Nikkei 225 Entered A Bear Market
*South Korea Kospi Index Fall 7%, Singapore's Equity Benchmark Fall 9%
*Taiwan’s tech-heavy equity benchmark slid 9.7%, the most on record, India’s key stock index slumped as much as 5%, the most since early June
*Hong Kong's Hang Seng Index Closes Down 13.2%, Biggest One-Day Drop Since 1997
CHINA:
*CSI Index Fall 7%
*China is mulling frontloaded stimulus to counter the tariffs
*Asia Credit Default Swaps Widen Most Since March 2020
*MSCI Asia Pacific Index slid by the most since 2008
Europe Open Lower:
*DAX plunged more than 10% at the open before trimming losses now down 7%, Stoxx 600 fell more than 5%, FTSE 100 Index Falls 5%
UNITED STATES:
*Traders now expect the Fed to cut another five times this year
*Goldman Sachs Cuts 2025 GDP Forecast To 0.5% From 1%
*S&P 500 FUTURES DOWN 3.5%, NASDAQ 100 FUTURES DOWN 4%, RUSSELL 2000 FUTURES DOWN 4.3%
*VIX Surge Above 50
*OIL Fall 5%, Hits 4 Year Low
Pre-Market Open:
APPLE DOWN 5%
MICROSOFT DOWN 5%
GOOGLE DOWN 5%
NVIDIA DOWN 6%
META DOWN 5%
AMAZON DOWN 5%
TESLA DOWN 8%
COINBASE DOWN 11%
MICROSTRATEGY DOWN 12%
CRYPTO:
*BTC DROPPED BELOW $76K, ETH DROPPED BELOW $1,500
