Global demand for safe-haven assets surges, major stock indices worldwide fall on Friday
BlockBeats News, October 17, according to market information, due to the bad loan issues of two U.S. banks, global demand for safe-haven assets surged. Major stock indices around the world fell across the board on Friday. The German DAX index dropped by 2.13%, the UK FTSE 100 index fell by 1.6%, the Nikkei 225 index declined by 1.44%, the Australian S&P/ASX 200 index decreased by 0.81%, and all three major U.S. stock index futures also fell.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like

BoE’s Greene says it is appropriate to proactively tighten our monetary policy stance

CoreWeave plans to issue at least $4 billion in investment-grade loans, falling nearly 6% after hours
According to Bloomberg, CoreWeave is seeking to refinance at least 4 billion USD through an investment-grade loan, led by Morgan Stanley and Mitsubishi UFJ, with a syndication roadshow expected to start as soon as next week. This financing continues the structure of using Nvidia chips and customer contracts as collateral, with the yield on the issuance anticipated to be around 7% to 7.5%, much lower than its junk bond yield. Following the news, CoreWeave's shares fell nearly 5.8% after hours.

Outperformed the S&P by 19.2 percentage points in one month: Berkshire (BRK.B) achieves its highest monthly relative advantage since 2010, second only to the 2008 financial crisis
As the AI trading boom subsides and technology stocks waver, one of the market’s oldest “safe havens” has once again proven its value. Berkshire Hathaway (BRK.B) has just recorded one of its most notable relative gains in over a decade.
