Asia Colour - 8 Oct 24
1/ Is the Chinese stock rally over? After their week-long holiday, Chinese equities stalled as the government failed to deliver new stimulus. The MSCI APAC index saw its largest drop in a month. x.com/i/web/status/18435866155...
2/ US equities followed suit, driven by losses in megacap tech and rising geopolitical tensions. The VIX jumped to 22 points, signaling heightened fear.
3/ Interestingly, crypto volatility held steady. Front-end implied vols traded at 43%, a 3-vol discount to 7-day historical realized vol, showing growing resilience in the space.
4/ With Chinese investors reportedly selling USDT to fund stock purchases, BTC prices stayed flat. But as the rally fades, could we see a shift of capital back into crypto?
Read more:
From Twitter
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments
Share
Relevant content