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Tuesday, August 9, 2022

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Stocks Sink On Pelosi-Taiwan Headlines

US equity markets are accelerating their losses suddenly this morning (after briefly touching unchanged from overnight weakness) following headlines that House Speaker Nancy Pelosi is reportedly expected to land in Taiwan on Tuesday night, and meet lawmakers on Wednesday.

Liberty Times reports, citing people familiar with the matter, Pelosi plans to visit the Legislative Yuan and meet lawmakers on Wednesday.

However, the US and Taiwan are still preparing for last minute changes, the paper adds.

Futures were sliding already but the Pelosi headlines pushed them to overnight lows…

Bonds are bid with 10Y Yields tumbling back to unchanged…

Developing…

This post was originally published on this site

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