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S&P 500, Hang Seng, ASX 200 Outlook: More Rainy Days Ahead?

S&P 500, Hang Seng, ASX 200 Outlook: More Rainy Days Ahead? S&P 500, HANG SENG, ASX 200, ASIA-PACIFIC MARKET OUTLOOK: Wall Street equities tumbled 2% on Friday as profit-taking ramped up, possibly leading global equities into a technical correction Risk-linked Australian and New Zealand Dollars are declining, reflecting “risk-off” sentiment Alphabet, Amazon, Alibaba and Exxon are reporting earnings this week. Nonfarm payrolls data in focus. China PMI, Market Turmoil, US Earnings, Asia-Pacific Stocks Weekly Outlook: Asia-Pacific equities kicked off the week with a sour tone as Wall Street equities closed sharply lower on Friday. The S&P 500, Dow Jones and Nasdaq Composite lost -1.93%, -2.03% and -2.00% respectively, with almost 93% of stocks finishing lower. A battle between retail traders and hedge funds over several heavily-shorted US stocks appeared to have catalyzed a volatility spike and subsequently a stock market pullback. But a deeper look may suggest that market val

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