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Stocks Slammed After Negative Lead From Wall Street

EQUITIES

Asia-Pac equity markets have endured a negative session on Thursday, taking their lead from the US where indices saw their worst day of losses since October. The KOSPI is down over 2% after Samsung gave disappointing guidance in their earnings report. In Australia the ASX 200 is down over 2% as iron ore futures decline again.

  • US futures are lower, but have come of session lows hit at the start of the Asia-Pac session. A reversal of fortunes for the Nasdaq, the index is the underperformer today after earnings reports from Apple and Tesla saw shares sliding after market. Focus remains on retail traders after another day of outsized gains for the likes of GME and AMC, WallStreetBets Reddit forum was briefly made private overnight.

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