Thursday, September 24, 2020 7:20 AM EDT
Asian stocks collapsed this morning following the wave of sales on Wall Street due to the uncertainty looming around the US presidential elections and the fear that there is no clear winner. This is coupled with distrust in new measures that could reactivate the economy and the fear of new confinements in Europe due to the increase in Covid-19 infections.
Investors, both American and Asian, are beginning to fear that the United States Congress will not adopt the necessary measures to curb the economic crisis caused by the coronavirus pandemic and will remain paralyzed while waiting for the elections on November 3.
The Nikkei closed 1.11% lower to 23,087 points, the Hang Seng fell 1.73% to 23,332 points, and Shanghai plummeted 1.72%. Wall Street futures announce further declines as the VIX rebounds and is already moving around 30.
(Click on image to enlarge)
Source: Admiral Markets MetaTrader 5. VIX CFD Daily Chart. Data range: from February 20, 2020, to September 24, 2020. Prepared on September 24, 2020, at 10:40 a.m. Keep in mind that past returns do not guarantee future returns.
Disclaimer: The given data provides additional information regarding all analysis, estimates, prognosis, forecasts or other similar assessments or information (hereinafter "Analysis") ...
more
Disclaimer: The given data provides additional information regarding all analysis, estimates, prognosis, forecasts or other similar assessments or information (hereinafter "Analysis") published on the website of Admiral Markets. Before making any investment decisions please pay close attention to the following:
This is a marketing communication. The content is published for informative purposes only and is in no way to be construed as investment advice or recommendation. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and that it is not subject to any prohibition on dealing ahead of the dissemination of investment research.
Any investment decision is made by each client alone whereas Admiral Markets Group AS investment firms (Admiral Markets) shall not be responsible for any loss or damage arising from any such decision, whether or not based on the content.
The Analysis is prepared by an independent analyst (hereinafter "Author") based on the Author's personal estimations.
To ensure that the interests of the clients would be protected and objectivity of the Analysis would not be damaged Admiral Markets has established relevant internal procedures for prevention and management of conflicts of interest.
Whilst every reasonable effort is taken to ensure that all sources of the content are reliable and that all information is presented, as much as possible, in an understandable, timely, precise and complete manner, Admiral Markets does not guarantee the accuracy or completeness of any information contained within the Analysis.
Any kind of past or modeled performance of financial instruments indicated within the content should not be construed as an express or implied promise, guarantee or implication by Admiral Markets for any future performance. The value of the financial instrument may both increase and decrease and the preservation of the asset value is not guaranteed.
Leveraged products (including contracts for difference) are speculative in nature and may result in losses or profit. Before you start trading, you should make sure that you understand all the risks.
less
How did you like this article? Let us know so we can better customize your reading experience.
