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US futures continue to fall on Thursday morning during Asian trading hours. The Dow Jones average industrial futures indicated an implied opening of 347.74 points lower.
Some analysts said Wall Street's retreat did not seem to have had a catalytic effect, including ongoing trade friction between the United States and China. This has been "in progress since the beginning of the year," writes Joseph Capurso, currency strategist at the Commonwealth Bank of Australia.
Ray Attrill, head of currency strategy at the National Australia Bank, said in a note that this month's stock sale could have been due to "a mere rush for profit".
Russell 2000, a small-cap company, representing companies that should not be particularly sensitive to US bond yields or trade concerns, has begun to look ahead to US household name indexes. , and lost nearly 10% in the current month "Attrill said.
At the same time, US President Donald Trump addressed the Federal Reserve on Wednesday to continue raising interest rates despite recent market turbulence.
"I think the Fed is making a mistake, they are so tight, I think the Fed has gone crazy," said the president after leaving Air Force One in Erie, Pennsylvania, to attend a rally.
Commenting on the sale on Wall Street, Trump said: "It's a correction we've been waiting for for a long time, but I really disagree with what the Fed is doing."
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