Bonds down 1.9. NADAQ down 102. DOW down 216 S&P down30 all in a half hour.
Have no idea, cutworm.
Possibly linked to markets opening in Asia at that time is a guess.
it looks like The Bank Of Japan raised rates and the end of zero rates is over in at least Japan
Bank of Japan shocks global markets with bond yield shift (msn.com)
That makes sense cutworm as the Japanese markets open at that time.
https://www.thebalancemoney.com/stock-market-hours-4773216
With some of the most populous countries in the world located in the Eastern Hemisphere, there are huge trading opportunities to be found on the exchanges in India, South Korea, Japan, and China. It’s important to note that many of the exchanges in Asia close for lunch every day.7
| Country/City | Stock Exchange | Local Hours of Operation | U.S. Eastern Standard Time | UTC | General Holiday Closures |
| Japan | Tokyo Stock Exchange | 9 a.m. to 3 p.m., lunch 11:30 a.m. to 12:30 a.m. | 8 p.m. to 2 a.m., lunch 9:30 p.m. to 10:30 p.m. | (UTC +9) 12 a.m. to 6 a.m., lunch 2:30 a.m. to 3:30 a.m. | New Year’s Day, Old Age Day, National Day, Emperor's Birthday, Showa Day, Children’s Day, Workers’ Day |
| Hong Kong | Hong Kong Stock Exchange | 9:30 a.m. to 4 p.m., lunch 12 p.m. to 1 p.m. | 9:30 p.m. to 4 a.m., lunch 12 a.m. to 1 a.m. | (UTC +8) 1:30 a.m. to 8 a.m., lunch 4 a.m. to 5 a.m. | New Year’s Day, Good Friday, Qingming Festival, Easter, National Day, Dragon Boat Festival, Christmas Day |
| Shanghai | Shanghai Stock Exchange | 9:30 a.m. to 3 p.m., lunch 11:30 a.m. to 1 p.m. | 9:30 p.m. to 3 a.m., lunch 10:30 p.m. to 12 a.m. | (UTC +8) 1:30 a.m. to 7 a.m., lunch 3:30 a.m. to 5 a.m. | New Year’s Day, Chinese New Year, Qingming Festival, Labor Day, Dragon Boat Festival, National Day |
| India | National Stock Exchange of India | 9:15 a.m. to 3:30 p.m. | 11:45 p.m. to 6 a.m. | (UTC +5.5) 3:45 a.m. to 10 a.m. | Republic Day, Holi, Good Friday, Ram Navami, Bakri Id, Dussehra |
| South Korea | South Korea Stock Exchange | 9 a.m. to 3:30 p.m. | 8 p.m. to 2:30 a.m. | (UTC +9) 12 a.m. to 6:30 a.m. | New Year’s Day, Korean New Year, Independence Day, Children’s Day, Chuseok Festivity |