Evergrande FUD didn't melt the ASX!

G'day my USA mates,

Aussie here letting you know that the Australian Stock Exchange (ASX) had a very normal trading day here so for those bracing for a full scale meltdown on Wall st, please get a good night sleep knowing other financial markets around the world are business as usual.

TLDR business as usual in markets around the world despite global economic meltdown FUD in full effect on reddit

a couple of sources for this:

https://www.smh.com.au/business/markets/asx-futures-up-0-2-percent-aussie-dollar-at-16-month-low-20211205-p59f0r.html

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• The ASX200 is sitting around 7230 points in late afternoon trade, down about 0.2%. The material, healthcare, financial, and information technology sectors are lagging
• Wall Street futures are higher, currently pointing to gains of 0.7% on the Dow Jones, 0.5% on the S&P500, and 0.1% on the Nasdaq. On Friday, the Nasdaq tumbled by 1.9%, while the S&P500 was down 0.8% and the Dow Jones fell 0.2%

"Dow futures jump 240 points despite recent tech stock selling, bitcoin’s weekend rout"

https://www.cnbc.com/2021/12/05/stock-market-futures-open-to-close-news.html

Dow futures were higher even after a losing week on Wall Street as investors ditched equities amid concerns over the new omicron Covid variant and the Federal Reserve’s move to tighten policy.

Futures contracts tied to the Dow Jones Industrial Average jumped 244 points. S&P 500 futures were 0.44% higher. Nasdaq 100 futures hovered around the flatline

Cathie Wood’s flagship Ark Innovation Fund slid more than 5%, and all of the fund’s holdings are now in a bear market apart from two stocks. Teladoc Health, Zoom Video, Roku, Palantir and Twilio are some of the names that have registered steep losses.

The heavy selling in technology stocks extended to the crypto universe where prices also dropped. Bitcoin traded around $57,000 on Friday morning, but by Saturday had plunged to around $43,000. By Sunday the world’s largest cryptocurrency had clawed back some of its losses, but it still traded below the key $50,000 level.