Summer market shock not quite over as investors brace for more turmoil

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LONDON :Big investors are bracing for this summer's stock market rout to run into the autumn, fearing a broader wave of selling will follow the turmoil sparked by U.S.recession concerns and the Bank of Japan wrong-footing currency speculators.

Russell Investments chief U.S.investment strategist Paul Eitelman said another weak U.S.jobs report would have the potential to spark fresh volatility.

The VIX measure of expected volatility on Wall Street's S&P 500 and its European equivalent hit multi-year highs last week before easing but a related index continues to send warning signals.

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Category: EconomyBusiness

Markets: SingaporeJapan

Topics: Global Fund Stock Stocks Market Managers Selling Volatility Investors Week Equity

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-15 @ 13:01:57 (14 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 816 words

Reading Time: 5 minutes read

Sentences: 29 lines

Sentence Length: 29 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 22087433

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Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

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Year Established: 1999

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News Last Updated: 4 hours ago

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Publisher ID: #27

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