MONEY MASTER

Quick Summary US stocks extended losses , with tech and crypto leading the sell-off Nasdaq 100 suffered its worst three-day drop since April Bitcoin plunged to around US$64,000 , wiping out gains since Trump’s election Weak US jobs data and AI valuation fears  intensified risk-off sentiment What’s Driving the Sell-Off A fresh wave of selling hit Wall Street as investors reassessed  lofty valuations tied to AI, software and crypto , just as  US labour data showed cracks  in economic momentum. The  S&P 500 fell 1.2% , while the  Nasdaq 100  extended its steepest three-day rout in months. Selling broadened beyond growth stocks, with  nine of 11 sectors  in the S&P 500 declining. Tech & AI in the Crosshairs Big Tech earnings added fuel to the fire: Amazon  sank after flagging  even heavier spending  on data centres and chips Microsoft  and  Alphabet  also slid on concerns that massive AI investments may...

Tariffs Trigger Regional Selloff Asian equities retreated Friday after the US imposed tariffs ranging from 10% to 41% on dozens of trading partners, adding pressure to already fragile sentiment. Key rates included 25% on India’s exports, 20% on Taiwan, 19% on Thailand and 15% on South Korea. Canada saw duties raised to 35%, while Mexico secured a 90-day reprieve for broader negotiations. Regional Impact MSCI Asia ex-Japan: -0.7%, weekly loss now at 1.8% South Korea Kospi: -3% Taiwan: -0.9% Nikkei: -0.4% China A-shares: flat; Hang Seng eked +0.2% Market Commentary Analysts noted the market reaction has been contained due to recent tariff deals with the EU, Japan and South Korea cushioning sentiment. “The market sees these tariffs as potentially negotiable and temporary,” said Tony Sycamore of IG. US Macro Focus: Jobs Report Attention now shifts to July non-farm payrolls. Consensus calls for +110,000 jobs and a jobless rate uptick to 4.2%. A stronger-than-expected report could erase the ...

Asian equities followed Wall Street lower on Friday as markets braced for the release of US non-farm payrolls data , which could influence the Federal Reserve's upcoming policy decisions. Market Performance Japan: Nikkei 225 futures fell 0.6% . Topix declined 0.4% . Australia: S&P/ASX 200 dropped 0.4% . Hong Kong: Hang Seng futures were little changed. US Equities (Thursday): S&P 500 fell 0.2% . Nasdaq 100 dropped 0.3% , marking their first declines in five sessions. Bonds and Interest Rates US Treasuries: Yields on 10-year and 30-year bonds edged slightly lower. Swaps indicated a 70% probability of a quarter-point Fed rate cut in December. Japan: 10-year yield remained at 1.065% . Australia: 10-year yield held steady at 4.24% . Currencies Dollar: Little changed, holding steady in anticipation of the jobs data. Yen: Fluctuated slightly against the dollar, trading at 150.08 . Australian Dollar: Fell 0.2% to $0.6441 . Commodities Crude Oil: West Texas Intermediate wa...

  Emerging-market currencies fell for the fifth consecutive session on Monday as traders adjusted their expectations for a US Federal Reserve (Fed) interest-rate cut , following signs of a strong US economy. The MSCI Inc. gauge for developing-nation currencies dropped 0.2%, marking its longest streak of losses since July. Among the worst performers were the Malaysian ringgit and Indonesian rupiah . The decline comes as oil prices rose due to heightened tensions in the Middle East , adding to market uncertainty. Last Friday’s stronger-than-expected US jobs data prompted traders to rethink the Fed’s policy trajectory, pushing US Treasury 10-year yields above 4%, and reducing the likelihood of a half-point interest rate cut . “The repricing of the US easing cycle is likely to keep emerging-market foreign exchange (EMFX) under pressure in the short term,” said Luis Estrada, strategist at RBC Capital Markets. Bearish bets on the US dollar are being reversed as investors buy doll...

Asian stocks gained on Monday, following stronger-than-expected US jobs data that boosted optimism about the resilience of the world’s largest economy. This has renewed hopes for a soft landing rather than a recession. Japanese and Australian equities saw gains, while Hong Kong futures slipped. The S&P 500 and Treasury yields rose last Friday after US employers added the most jobs in six months , which recalibrated expectations for the Federal Reserve’s next interest-rate cut. The yield on 10-year Treasuries advanced by one basis point to 3.98% . Kyle Rodda , senior analyst at Capital.com, highlighted the favorable conditions for Asian markets , citing the Goldilocks US economy and Chinese stimulus . Investors are also looking forward to China’s reopening on Tuesday and the announcement of economic policies by the National Development and Reform Commission (NDRC) . Meanwhile, New Zealand bonds fell in anticipation of the central bank’s potential 50 basis point interest-...