Pavan Sharma

Global markets continued their rout overnight, experiencing the worst day for the US Technology sector since 2011, with the Nasdaq plummeting -4.4%. The US market, measured by the S&P 500 index is now virtually flat for 2018.

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Global markets sold-off once again overnight, although the US market recovered from heavy early losses in a volatile session to end down about -0.5%.

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Chinese shares rebounded yesterday, with the Shanghai Composite up +4%, leading gains across Asia. The Chinese market has been in a sustained corrections for some time now, and we think there are likely to be value opportunities once the dust settles.