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10Y north korea

Kospi, Nikkei Fall As Market Ponders Whether They’ll Be A Tomorrow Or Not

"Clap for me bitchez"...

Ok, so just a quick update as everyone tries to sort out exactly what the hell happened a couple of hours ago when the second-most unhinged leader on the planet decided to fire a missile over Japan.

Bloomberg notes that Japan CDS is leaking wider:

  • JAPAN CDS 1-2BPS WIDER AT 43.5BPS AFTER NORTH KOREA MISSILE

S&P futs have rebounded a bit, but are still down notably and it’s largely the same story for USDJPY.

“Typically a gap lower in the Asian session for S&P 500 e-mini futures is met by short-term traders willing to take the other side for a quick turnaround — that may not be the case on Tuesday,” Bloomberg’s Mark Cranfield writes, adding that with “the Labor Day holiday approaching, the U.S. government at risk of a shutdown and North Korea firing a bunch of missiles, U.S. equity bulls are living on borrowed time.”

10Y yields fell below 2.12 – support’s at 2.10:

Yields

The Kospi fell right out of the gate:

Kospi

So did the Nikkei:

Nikkei

And the won’s down sharply:

USDKRW

“Now clap for me bitchez”…

Clap

Stay tuned to Trump’s Twitter feed to find out if there will be a tomorrow or not.

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1 comment on “Kospi, Nikkei Fall As Market Ponders Whether They’ll Be A Tomorrow Or Not

  1. Curt A Tyner

    Well it is idiot time again and the collective breaths being held are now worldwide as we wait for our own idiot to respond. Tune in tomorrow and see if we are still here. What if NK missed and hit Japan?

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