UVIX is trading at $38.54 (-2.80%) pre-market after a sharp prior-session rise, as mixed futures and modest major U.S. index indications suggest some easing in immediate volatility demand—not a confirmed reversal.
- The prior risk-off move was fueled by renewed doubts about costly AI spending, tech-stock losses and Strait of Hormuz tensions that lifted oil prices.
- Asian shares fell and Treasuries rallied as investors sought safety.