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Japan's Nikkei share average fell 12.4% on August 5 in its largest one-day drop since 1987. The sell-off followed weak US jobs data, recession fears and the yen's rally to seven-month highs against the dollar.
Investors were also unwinding positions funded by cheap yen.
Global risk-off moves from carry unwinds can pressure commodity prices and sentiment, especially for energy and industrial markets. The direct effect on feed grain and meal prices is limited.
reuters.comAnkur BanerjeeAug 5, 2024Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
