There has been a 34 percent jump over the past three days in option traders’ volatility bets on the equity fund. Yet it’s much smaller than the surge in the Chicago Board Options Exchange Volatility Index, or VIX. That has taken U.S. market turbulence to a record against developing nations.
4.
Technical patterns suggest that the MSCI stocks gauge may derive support in the region of 1,139 to 1,148, where the 23.6 percent Fibonacci retracement level combines with the index’s 100-day moving average. That’s only 3 percent below Tuesday’s levels. The benchmark emerging market index rose 0.2 percent on Wednesday in its first increase in almost a week.
This article was provided by Bloomberg News.