Panic Index ETF surged 19%, Crude Oil ETF surged 8%
Israel attacked a location in Iran, causing the South Korean and Japanese stock markets to plummet by 3%, while Nasdaq futures fell more than 2%. Those who went long on crude oil with UCO saw a significant 8% increase
According to reports, Israel attacked a location in Iran, triggering market concerns about the escalation of geopolitical tensions, and the capital markets immediately reacted.
NASDAQ 100 index futures fell more than 2% at one point, while S&P 500 index futures and Dow futures also declined.
In overnight trading, the UVIX ETF, which is 2 times long the panic index, surged by 19%:
The UVXY, which is 1.5 times long, also surged by nearly 17%.
The UCO, which is 2 times long crude oil, rose by 8%, while some short targets also rose, such as SOXS, LABD, TZA, YANG, SQQQ, etc.
BTC and related targets, 3 times long semiconductor SOXL, and Netflix, whose performance outlook fell short of expectations, all experienced significant declines.
Meanwhile, the stock markets in South Korea and Japan saw the biggest declines, with drops exceeding 3% at one point.
Crude oil and commodities, on the other hand, rose across the board