look news india
Ahmedabad: The uncertainty in the market has led to a huge increase in volatility. The volatility index in Japan, which was the source of fears of the Great Depression, has risen by 140 percent. This index, which gives an idea of the turmoil in the Japanese stock market, has increased so much in a single day for the first time since 1989.
Not just Japan, but the US and India too have seen a huge surge in volatility. India VIX jumped 50 percent in a single day and rose 23.15 percent intraday and ended the day up 42.18 percent to reach 20.36. India's volatility index has seen its biggest jump since August 2015.
The US Volatility Index is also now trading above 65, which has only been seen at this level twice in history. The 2020 pandemic and the 2008 financial crisis were the only two times when the week traded above 65. Shockingly, the week is up 550 per cent since the July 2024 low. The S&P 500 index has wiped out $5 trillion in market cap in the past one month.
