In case you missed it... 🚨 AI stock euphoria just hit a wall in Asia.
More than $730 billion in market value has been erased across Asian equity markets today as AI and semiconductor stocks came under heavy selling pressure. 🇰🇷 South Korea's KOSPI: -7.89% ($324B wiped out) 🇯🇵 Japan's Nikkei: -2.47% ($214B wiped out) 🇨🇳 China's Shanghai Composite: -2.1% ($191B wiped out) The selloff follows two major warnings over the weekend. The IMF cautioned that AI-related equity valuations have become increasingly speculative and detached from fundamentals. Meanwhile, Wealspring Asset, whose founder famously called the 2007 market peak, warned that a massive global AI bubble has formed, adding that its "collapse point may not be far away." After months of relentless optimism, markets are suddenly being forced to price in the possibility that AI expectations have run too far, too fast. Source: Bull Theory
About AC in Europe...
Source. Rand
Ranked: Countries with the Largest Currency Reserves
China holds over $3.4 trillion in foreign exchange reserves, nearly 3x more than Japan. Seven of the world’s 10 largest reserve holders are in Asia, reflecting decades of export-led growth. Despite being the world’s largest economy, the U.S. ranks only 13th because the dollar is the world’s primary reserve currency. Source: James Wong, Visual Capitalist
This morning, South Korea’s KOSPI crashed -10%, wiping out over $520 BILLION in a single day.
This was the 3rd largest single-day crash in the index’s history. Both Hynix and Samsung were down double-digits Source: Bull Theory
South Korea's $KOSPI hit a new all-time high today, even as U.S. markets fell after Fed Chair Kevin Warsh hinted at a possible rate hike this year.
KOSPI is up +113% in 2026, adding over ₩3,860,000,000,000,000 ($2.8 TRILLION) in market value. Source: Bull Theory
The market is massively rebuilding one of the most powerful, but also one of the riskiest trades out there: shorting the yen
📉 Many investors are once again betting on further yen weakness, even as the currency trades near a very sensitive level around 160 against the dollar, and have built their largest bearish positions on the yen since 2017. ⚠️ Market now seems to see these risks as largely priced in. A BoJ rate hike is no longer a real surprise, neither is intervention from the Ministry of Finance. The yen can still weaken gradually from here but the risk of a brutal squeeze rises as bearish positioning keeps building. Source: Christophe Barraud, Bloomberg
Japan's Crude Oil reserve was built in 1980.
Took 45 years to fill. Took 8 weeks to drain. Source: Rand Group
THIS RANDOM CHINESE STOCK WAS UP OVER 3600% + YESTERDAY
THE STOCK WAS AT $1.13 AT OPEN IF U INVESTED $1,000 AT OPEN YOU WOULD HAVE OVER $36,000 8 HOURS LATER $INHD Source: Gurgavin
