Volatility Climbs From Asia to Europe After S&P’s U.S. Downgrade
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Option prices in Europe and Asia jumped, sending the South Korean volatility index to its highest level in more than two years, after Standard & Poor’s stripped the U.S. of its top credit rating for the first time.
The VStoxx Index, which measures the cost of protecting against a decline in shares on the Euro Stoxx 50 Index, climbed