S&P 500 futures turn negative as Asian markets drop
|- Asian equities drop after 1000 point slide in Dow.
- S&P 500 futures turn negative on a negative feedback loop.
The S&P 500 futures have erased marginal gains, tracking the drop in the Asian equities.
Having clocked a high of $2610 earlier today, the S&P 500 futures are now trading flat to negative around 2590.
The decline from the session high could be associated with the decline in the Asian indices. The Shanghai Composite index has dropped 3.7 percent and Japan's Nikkei is reporting 3.3 percent decline. Meanwhile, shares in Australia are down 1.3 percent.
It is worth noting that Asian equities have come under renewed selling pressure, largely due to the 1000 point drop in the Dow. Further, the drop in the Asian markets is feeding more negativity into US index futures, indicates the drop in the S&P 500 futures from 2610 to 2590. The negative feedback loop could keep the anti-risk currencies well bid.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.