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S&P 500 Leads Nikkei 225, ASX 200 Lower as Volatility Spikes
S&P 500, ASX 200, NIKKEI 225, ASIA-PACIFIC MARKET OUTLOOK:
The FOMC meeting revealed little changes; Apple and Facebook earnings beat
Asia-Pacific indices are poised to open sharply lower following a sour US lead
Market Turmoil, FOMC, Earnings, Asia-Pacific Stocks Outlook:
Wall Street stocks had a bloodbath day without clear fundamental reasons behind, leading market participants to question if the short squeeze in GameStop (+134%) and AME entertainment (+301%) have forced some hedge funds to liquidate their long positions in other stocks to cover losses. This appeared to have sparked broader risk aversion and encouraged more liquidation in a time when stock markets valuations are at their highest levels since the Dotcom bubble.