Aftershocks of carry trade at core of market rout could still have effects

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Aftershocks of carry trade at core of market rout could still have effects - Business Standard

Quick Summary:

Concerns about the markets were exacerbated by investors winding down yen-funded trades that had been used to finance the acquisition of stocks for years after a surprise Bank of Japan rate hike last week.

Investors said the aftershocks of a massive carry trade that has reverberated through global financial markets wasn't done yet, with more unwinding in the days ahead raising the risk of shake-outs to other assets.

I think that's probably going to give us more of a two-way market," said Schwab's Jones.(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.