Aug 9 - Global investors funnelled substantial amounts into money market funds in the seven days to Aug. 7 as they rushed for safety amid a surge in market volatility triggered by fears of a U.S. slowdown and a strengthening yen that prompted unwinding of carry trades.
Japan's Nikkei share average , opens new tab plummeted 12.4% on Monday, its largest single-day fall, amid a yen surge, evoking memories of the 'Black Monday' stock market crash in October 1987. By sector, tech and financials saw significant outflows, amounting to $1.11 billion and $1.09 billion respectively, while utilities attracted their sixth consecutive weekly inflow, totalling $529 million.
الإمارات العربية المتحدة أحدث الأخبار, الإمارات العربية المتحدة عناوين
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Crypto prices surge higher while stocks, oil, gold and silver see downturns deepenThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
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