Business
ASX set to fall as tech stocks weigh down Wall Street – Sydney Morning Herald
ASX set to fall at the open as another tick up in bond yields once again pulled down shares of technology companies and the energy sector on Wall Street.
The VIX, a measure of fear in the market, climbed about 12 per cent, a sign of rising volatility. One possible factor: Friday is quadruple witching day, which happens four times a year and marks the simultaneous expiration of four kinds of options and futures contracts.
Usually, you have some sort of big move on Thursday as people try to settle up their positions going forward, Kinahan said.
The markets pullback undercut some of the gains from a day earlier, when the S&P 500 and Dow hit all-time…
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