Why is the market down today?

The market experienced a decline on June 5, 2025, which can be attributed to a combination of factors:

1. **Weak Bond Auction in Japan**: The regional stock market was affected by the weak demand at a 30-year government bond auction in Japan. This auction is a key indicator of market sentiment, and the disappointing results can influence investor confidence across the region. The lower-than-average demand for the 30-year government bond auction reflects a weakening in the Japanese government’s ability to support the economy, which in turn can lead to a loss of confidence in the broader market.
2. **Vermilion Energy's Asset Sale**: Vermilion Energy's decision to sell its U.S. assets for $87.7 million is a strategic move to focus on its core gas-weighted assets in Canada and Europe. However, this divestiture could be seen as a negative signal, particularly in the context of a company exiting a market, which might raise concerns about the viability of other companies operating in the same space.

In summary, the market's decline on June 5, 2025, can be attributed to a combination of weak bond auction in Japan and Vermilion Energy's Asset Sale.

|code|Ticker|Name|Date|Percentage Change|market_code|
|---|---|---|---|---|---|
|SPY|SPY.P|SPDR S&P 500 ETF Trust|20250529|0.394739|169|
|SPY|SPY.P|SPDR S&P 500 ETF Trust|20250530|-0.111855|169|
|SPY|SPY.P|SPDR S&P 500 ETF Trust|20250602|0.563294|169|
|SPY|SPY.P|SPDR S&P 500 ETF Trust|20250603|0.570262|169|
|SPY|SPY.P|SPDR S&P 500 ETF Trust|20250604|-0.026842|169|
|SPY|SPY.P|SPDR S&P 500 ETF Trust|20250605|-0.20052690752268496|169|