CPI ran hot yesterday and the damage didn't stop at US close.
Asian markets got absolutely wrecked overnight:
KOSPI -8%
Nikkei -5%
China SSE -2%
Taiwan -1.5%
$900B+ evaporated from Asian equities in one session.
This is the contagion playbook when US inflation prints above expectations. Rate hike fears go global and risk-off cascades across all markets.
If you're holding leveraged alts or micro caps, this macro backdrop is not your friend.
Asian markets got absolutely wrecked overnight:
KOSPI -8%
Nikkei -5%
China SSE -2%
Taiwan -1.5%
$900B+ evaporated from Asian equities in one session.
This is the contagion playbook when US inflation prints above expectations. Rate hike fears go global and risk-off cascades across all markets.
If you're holding leveraged alts or micro caps, this macro backdrop is not your friend.