Goldman Sachs said its risk-appetite gauge turned negative for the first time since April and fell to its lowest level since the early Iran war, BlockBeats reported on Oct. 20, citing Bloomberg. Despite hotter-than-expected inflation data, investors were selling AI stocks and moving into U.S. Treasuries, the report said.
Cross-market moves
The report said South Korea’s KOSPI fell 4%, while AI startup Elice dropped more than 30% on its listing debut.
Source attribution
BlockBeats attributed the market observations to Bloomberg. The flash did not identify the risk gauge or provide a numerical reading.
Source: BlockBeats flash, citing Bloomberg.