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London 22:30 BST
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New York 17:30 EDT
Wall Street Just Had Its Worst Day in Months. Asia Inherits the Damage.
The carnage is real. QQQ fell 3.91%. S&P dropped 2.05%. Russell collapsed 3.15%. VIX spiked 19% to 18.33. Gold lost 2.69%. Bitcoin cracked $60,000. Crude broke below $91. Hot NFP met AVGO contagion and the market had nowhere to hide. Asia opens Monday into the wreckage. The question is whether this was a one-day liquidation event or the start of something deeper.
What Asia Faces Monday
AVGO -11.7% Thursday, then the entire Nasdaq fell 3.91% Friday. Tokyo Electron, Advantest, Screen Holdings will gap lower. The Nikkei could see 2-3% downside at the open. USD/JPY held near 160 despite the selloff, which means no BoJ intervention relief for exporters.
$3.7 billion in HK ETF outflows last week. Now Wall Street delivers a 2%+ selloff on top. Chinese tech names (Alibaba, Tencent, Meituan) will feel the global risk-off. If Hang Seng breaks below 22,000, the chart deteriorates significantly.
Crude at $90.19 is the lowest since the Iran conflict began. Japan, India, South Korea import most of their energy. Lower crude is a genuine tailwind for their economies even if equities sell on global risk-off. Watch if Asian energy importers outperform exporters on Monday.
VIX at 18.33 into the weekend. Bitcoin teetering at $60,000. MicroStrategy’s unrealised loss approaching $12 billion. If $60K breaks over the weekend, Monday opens with crypto contagion on top of NFP damage. Do not carry excessive long risk through Saturday and Sunday.
Cross-References
Our Titan Watch now scores Long, Short, and Exit views across 25 intelligence dimensions. The Risk Heatmap and Sector Regime Map will recalculate on Monday with today’s damage factored in. All 48 intelligence pages at Market Intelligence.
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