Dow Futures Crash Near Limit-Down As Global Dollar Buying Panic Sparks AsiaPac FX Collapse
- Dow Futures Crash Near Limit-Down As Global Dollar Buying Panic Sparks AsiaPac FX Collapse
by Tyler Durden, https://www.zerohedge.com/
Update (2305ET): Dow futures losses have accelerated, plunging over 1000 points limit-down… S&P and Nasdaq futures are also crashing…
Additionally, South Korea’s KOSPI is halted after triggered circuit-breakers down 8% on the day…
The global scramble for dollars amid a massive shortage has rolled around the AsiaPac time-zone and is leaving a bloody trail across every asset-class. FX is in freefall with Aussie collapsing at the fastest rate since Lehman..