Nasdaq Rout Sinks AUD/CHF, AUD/JPY as Franc and Yen Take Safe Haven Role
The rout in US technology stocks reverberated sharply across the currency market on Thursday, November 5. The Nasdaq fell as much as 6% intraday and is now roughly 15% below its high for the year. A gauge of the largest chipmakers has slumped more than 36% from its June record.