| Thursday, January 3, 2019 | |  |  |  | | | | | Apple cut its forecast for quarterly sales and blamed the gloomier outlook on the slowing Chinese economy, sending investors running from risk assets on Thursday.
The bad news dashed hopes that the small rebound in U.S. stocks at the beginning of 2019 could mark an end to last year’s bearish sentiment and sent global equities spiraling downwards.
The flight to safety also roiled currency markets as the yen surged on what Forex traders referred to as the first flash crash of 2019.
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