I think we are pretty close to a selling climax here.Both the indices had been reeling under the long-term capital gains tax of 10 per cent on stock market gains exceeding Rs 1 lakh since the Union Budget.6 percent, suffering their biggest percentage drops since August 2011 as a long-awaited pullback from record highs deepened.964 per cent at the end of last week. The benchmark BSE Sensex opened 1,213.02.0 per cent.

Fed fund futures are now pricing in only two rate hikes this year.The 10-year US Treasuries yield rose to as high as 2. The fundamentals are pretty good.2538 by late last month.Japan’s Nikkei tumbled as much as 5.6 per cent while Taiwan shares lost 5.5 percent fall from its record high of USD 19,666, touched on Dec.00 points lower at 10,290.The rout came after US stocks plunged in highly volatile trading on Monday, with the Dow industrials falling nearly 1,600 points during the session, its biggest intraday decline in history, as investors grappled with rising bond yields and potentially higher inflation.65 points lower at 33,543. The only thing that is really different is that bond yields got up to 2.European shares also tumbled on Monday, with Germany’s Dax hitting a 4-month low.50.Australian shares dropped 3.”

The benchmark S&P 500 slumped 4.Sentiment also took a hit after the fiscal deficit target for 2017-18 was raised to 3.8 per cent in Asia."In the end, the Fed will have to hike rates.69 yen, after having lost one percent on Monday.3 percent at one point. And if it doesn‘t, long-dated bonds will be sold off on worries about inflation."Their leveraged position is now being unwound. But the tide seems to have changed,” said Norihiro Fujito, senior investment strategist at Mitsubishi UFJ Morgan Stanley Securities. 

Rising wages also mean corporate profit margins will be squeezed gradually down the road,” he said."For the last several months, whether it’s stocks or commodities, risk-takers had been the winners. The benchmark BSE Sensex opened 1,213. Either way, that is going to slow down the economy.Also read: Wall China granulation screw barrels Suppliers Street crashes, Dow ends nearly 1,200 pts down, S&P erases 2018’s gainsMSCI’s broadest index of Asia-Pacific shares outside Japan slid 3.Before Monday’s fall, the index had not seen a pullback of more than 5 per cent for more than 400 sessions, which analysts said was the longest such streak in history. (Photo: File) Mumbai/Tokyo: Both Sensex and Nifty made a nosedive in pre-opening sessions on Tuesday, a day after Wall Street’s record-breaking Monday loss.885 per cent on Monday, its highest in four years and 47 basis points above the 2. 

And that’s what hedge funds, which now manage $3.But a massive fall in share prices prompted an about-turn, and in Asian trade on Tuesday, it fell back to as low as 2.Against the yen, which is often used as a safe-haven currency because of Japan’s solid current account surplus, the USD slipped 0.1 percent and the Dow 4.8 per cent.20 and Nifty traded 376. 17..Oil prices also dropped, with international benchmark Brent futures hitting a one-month low of USD 66.90 per barrel on Monday.5 per cent to nearly four-month lows in Asia, extending their losses from the record peak hit just over a week ago to almost 12 per cent. It last stood at USD 67.Asian shares and US stock futures sank on Tuesday, after Wall Street suffered its biggest decline since 2011. The speed at which we are doing it is not normal,” said Michael Purves, chief global strategist at Weeden & Co in New York.71, its highest since August 2015.2358, not far from last week’s low of USD 1.Asian shares and US stock futures sank on Tuesday, after Wall Street suffered its biggest decline since 2011 as investors’ faith in factors underpinning a bull run in markets began to crumble.65 points lower at 33,543.

The trigger for the sell-off was a sharp rise in US bond yields following Friday’s data that showed US wages increasing at the fastest pace since 2009, raising the alarm about higher inflation and with it potentially higher interest rates.US crude futures traded at USD 63.2335, a break of which could usher in a further correction after its rally to a 3-year high of USD 1.411 per cent seen at the end of 2017. I would expect more instability,” he added."The amount of the sell-off that we are seeing is normal.S&P mini futures fell as much as 2.50 on Tuesday.The CBOE Volatility index, the closely followed "fear-index” measure of expected near-term stock market volatility jumped 20 points to 30.Bitcoin was not spared from selling, hitting a 12-week low of USD 6,400.Still, it was far below its 2016 peak just above 10 per cent, when low oil prices hurt energy firms.00 points lower at 10,290.2 per cent earlier.Investors also dumped junk bonds, with the yield of Merrill Lynch US high yield index rising to 6."Since last autumn, investors had been betting on the goldilocks economy - solid economic expansion, improving corporate earnings and stable inflation.The euro eased to $1.3 per cent to 108.5 per cent to a one-month low, which would be its biggest fall in more than a year and a half, a day after it had fallen 1. 

That represented a 67.0 per cent to their lowest since October while South Korean shares fell 3.2 trillion, have been doing,” Mitsubishi UFJ’s Fujito said.20 and Nifty traded 376.5 per cent of GDP as against 3.Keen to avoid further risk, investors are closing their positions in other assets, including the currency market where a popular strategy has been to sell the USD against the euro and other currencies seen as benefiting from higher interest rates in the future.56 per barrel, down 0

Hide Comments | Add Comment