The arrest of a Chinese Tech executive has sparked major fears and has reportedly caused the Dow Jones to fall 430 points.
Before a single share moves in regular U.S. trading hours, investors are braced for an ugly New York open, lashed once again by a litany of punitive forces.
They’re rushing to hedge sinking S&P 500 futures, while oil is tumbling as OPEC struggles to agree on an output cut.
“So much for a pause in the action,” Stephen Innes, head of Asia-pacific trading at Oanda Corp. wrote to clients. “‘Sell All’ battle cries are ringing out across trading floors again.”
Here are the charts that show the grim open awaiting the U.S. market.
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