Long ReadAug 22 2024

How the yen carry trade led to a market sell-off

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How the yen carry trade led to a market sell-off — The sell-off saw the S&P 500 fall by around 8 per cent. (Reuters/Issei Kato)

David Thorpe

The first week of August is a period when the only screen most in the market were concerned with was sunscreen, but those who did sneak a peek at their portfolios would have been greeted by a sea of red as equities sold off.

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How the yen carry trade led to a market sell-off

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