Asia Equity Volatility Recedes As U.S. Vol Outperforms

Volatility levels in Asia receded this week despite continuing turmoil in U.S. equity, with the S&P 500 declining and the CBOE Volatility Index staying elevated. “Vols got bid up [last week] in a square root fashion in Asia and this week we saw them come right back down,” noted Shane Carroll, head of equity derivative