Asia:
*🇯🇵 Nikkei 225 enters bear market.
*🇰🇷 KOSPI -7%; 🇸🇬 STI -9%.
*🇹🇼 TAIEX plunges 9.7% (record); 🇮🇳 Sensex -5%.
*🇭🇰 Hang Seng -13.2% (biggest drop since ’97).
China:
*🇨🇳 CSI 300 -7%.
*Considers stimulus vs tariffs.
*Asia CDS spreads widen most since Mar 2020.
*MSCI Asia Pacific largest drop since ’08.
Europe (Early):
*🇩🇪 DAX -7%.
*🇪🇺 Stoxx 600 >-5%.
*🇬🇧 FTSE 100 -5%.
United States:
*Fed Funds Futures price in 5 more cuts this year.
*Goldman Sachs cuts ’25 US GDP forecast to 0.5%.
Futures:
*🇺🇸S&P 500 -3.5%,
*Nasdaq 100 -4.0%,
* Russell 2000 -4.3%.
*S&P 500 -> Bear Market territory.
*VIX > 50.
*Oil -5% (4-yr low).
Pre-Market Movers:
$AAPL -5%
$MSFT -5%
$GOOGL -5%
$NVDA -6%
$META -5%
$AMZN -5%
$TSLA -8%
$COIN -11%
$MSTR -12%
Crypto:
$BTC < $76k
$ETH < $1.5k