Volatility spikes as markets across the world continue to slide on North Korea tensions

11.08.2017 / 12:46

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Market volatility jumped as traders reacted to growing tensions between the USA and North Korea despite US Defence Secretary James Mattis saying that any conflict between the two nations would be "catastrophic."

The VIX, a measure designed to track stock market fear, has jumped from its lowest level in 24 years to hit a level not seen since April this year, climbing 45% in a single day, marking its eighth largest one-day jump in history.

The VIX index struck its most extreme levels since Donald Trump won the US election,

As volatility spikes, global markets continue to drop, with an overnight sell-off in Asia extending into Europe during Friday morning trade. All of Europe's major stock indexes are lower.

Source: Bloomberg Pro Terminal

Junior Trader Stefan Panteleev

Varchev Traders

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Volatility spikes as markets across the world continue to slide on North Korea tensions

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