MSCI is trading 6.62% down at $523.40 in pre-market on October 15, amid a broader risk-off move after hotter-than-expected U.S. inflation renewed rate-hike concerns and pressured equities.
- The shares compare with an October 14 close of $560.52.
- Asian markets and technology shares also sold off sharply overnight.
- No MSCI-specific catalyst surfaced; Morgan Stanley recently lowered its target but kept Overweight, and a reported CFO sale under a pre-arranged plan was not linked to the drop.