Crypto assets collapsed after the crypto trading platform FTX fell into a cash crunch. Stocks are losing value as the crypto crisis lowers risk appetite.
The collapse in cryptocurrencies negatively affects risk appetite.
After the decline in US stock markets on Wednesday, Asia also started the new day weakly.
The S&P 500 index fell 2.1% on Wednesday, the hardest since the day of the Fed decision. A recovery effort is observed in the new trading day in S&P 500 futures.
While Asia follows the losses in the USA, Hong Kong Hang Seng and China CSI are 300 losses under the shadow of China Kovid measures.
After the unclear picture in the US elections and before the inflation data, the dollar is experiencing a slight decline. The Bloomberg Dollar Index fell 0.1% to 1,318 points.
Before the CPI data, the US 10-year bond yield fell by one basis point, hovering at 4.08%. While there are no complicated movements in oil, spot gold continues to hold above $ 1,700.
