Inflation Shock Sparks Global Market Selloff
Summary
STRATO’s market update covers September US inflation rising to 3.7% and the resulting global selloff, including a 1.88% Nasdaq drop and steep losses in South Korea and Japan. It also tracks gold’s rebound above $4,150 and Brent crude’s decline to about $103.78, helping the community follow market moves and consider hourly markets.
Market Update 👇
US inflation rose to 3.7% in September, above expectations, triggering another selloff across global markets.
Stocks: The Nasdaq fell 1.88% on Wednesday. Selling continued in Asia today, with South Korea’s KOSPI down nearly 8% and Japan’s Nikkei losing around 5%. Nasdaq futures also dropped more than 1% as concerns over AI infrastructure financing intensified.
Gold: After falling to a one-week low on Wednesday, gold rebounded as the US dollar weakened. The metal recovered above $4,150 per ounce in early Thursday trading.
Oil: Brent crude fell nearly 2% to around $103.78 per barrel as the US considered easing restrictions on Russian oil tankers, potentially reducing global shipping costs.
Will NVIDIA and the S&P 500 recover from the selloff? Can gold sustain its rebound?
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