Global Tech Sell-off Deepens: Kospi Plunge 8%
Key Questions
What drove the sharp decline in Asian tech markets on June 26?
South Korea's Kospi plunged 8% and Japan's Nikkei fell 5% as a global tech sell-off deepened, extending Nasdaq's four-day losing streak.
Which sectors benefited from the ongoing market rotation?
Capital continued rotating into healthcare, financials, and industrials while semiconductor and memory stocks faced heightened volatility tied to Fed rate uncertainty.
How is the AI trade performing amid these moves?
The AI trade is cooling as rate-hike prospects pressure high-valuation tech names, with OpenAI IPO delay reports further rattling chip stocks.
Global tech sell-off deepened on June 26 with South Korea's Kospi plunging 8% and Nikkei -5%. Nasdaq hit a 4-day losing streak. Rotation into healthcare, financials, industrials continues. Semiconductor/memory leadership is structurally more volatile, adding to Fed hiking uncertainty. The AI trade is cooling under rate hike prospects.