The fear gauge rallied as much as 8.23 per cent in less than one hour of trading. Photo: ReutersThe fear gauge rallied as much as 8.23 per cent in less than one hour of trading. Photo: ReutersVolatility index VIX rose to highest level since December 15 on Thursday after headline indices fell to their lowest level since December 14 post rout in Chinese markets.
The fear gauge rallied as much as 8.23 per cent in less than one hour of trading.
The index is a measure of the market's expectation of volatility over the near term.
Asian stocks fell to a three-month low on Thursday after China opted to keep guiding the yuan sharply lower.
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