Foreign funds have now pulled $100B from Korean local stocks this year
Source: David Ingles @DavidInglesTV Bloomberg
🚨 BLOODBATH continues in South Korean and Japanese markets.
Over $400 BILLION has been wiped out from South Korean and Japanese stock markets today as the sell-off in semiconductor and tech stocks continues. South Korea's KOSPI closed down -5.35%, wiping out ₩326,350,000,000,000 ($219 BILLION). Japan's NIKKEI closed down -2.11%, wiping out over ¥30,173,000,000,000 ($184 BILLION). Over $850 BILLION has been wiped out from both markets in just two days. Source: Bull Theory @BullTheoryio
Deutsche Bank: "Memory is a broken market even if it has come off its highs... expect all your consumer electronic prices to soar"
Source: zerohedge
BREAKING: Korea Exchange briefly halted program selling as KOSPI crashed -5.7%.
Samsung and SK Hynix, which together make up 50% of the index, fell -6% and -4.5%. Source: Bull Theory
The Dow crossed above 53,000 yesterday for the first time, its 5th 1,000-point milestone of the year.
Source: Charlie Bilello
AMERICAN HOUSEHOLDS ARE MORE INVESTED IN STOCKS THAN EVER
Stocks now make up a record-high share of U.S. household assets, Axios reports. American household wealth is now more tied to equities than ever before, making consumers more exposed to market swings. Source: Coin Bureau
Are US semiconductor stocks priced for perfection?
The semiconductor sector is trading at historically high valuations, with the Philadelphia Semiconductor Index near 30x forward earnings and at a rare premium to the S&P 500. While AI remains a transformative technology, concerns are growing that investment is outpacing economic returns. Falling AI token prices and a widening gap between AI spending and AI-generated revenue suggest monetization is lagging. If hyperscalers fail to generate stronger returns from AI, current semiconductor valuations may become increasingly difficult to justify.
Investors dumped Stocks last week at the fastest pace since March
Source: BofA, Barchart
