sell-off in Asia is weighing on US stocks, as investors are concerned about the potential impact on global economic growth.
The rise in the Japanese Yen against the US dollar has also added to the pressure on risk assets, as speculators who borrowed money at Japan’s previous 0% interest rate to buy US risk assets have been forced to liquidate their holdings.
Overall, the global market is experiencing a rapid and intense sell-off, with investors worried about the health of the US economy and the potential for a recession. The Federal Reserve is expected to cut interest rates by 0.5% at its September meeting, according to market expectations.
As the market continues to react to these concerns, it remains to be seen how long the sell-off will last and what actions central banks and governments will take to stabilize the situation.