Optical Communication Stocks Drop with CRDO Down 10%; SMTC Down 8%; AAOI, Coherent, Lumentum, Ciena, Corning, AXTI Down 7%; POET Down 5%; Amphenol Down 4%
HK Stocks Continue to Fall. HSTECH Tumbles 5%; Knowledge Atlas Plunges 26%; MiniMax Down 14%; XPeng, SMIC Down 9%; NIO Down 7%; Tencent Down 5%; Alibaba, Baidu Down over 4%
HK Stocks Extend Declines. HSTECH Falls 1.7%; Baidu Sinks over 8%; Knowledge Atlas Down Nearly 4%; Alibaba, Bilibili, MiniMax, Hua Hong Grace, InnoScience, JD Down Around 2%
24H | Chip, Storage Shares Drop with SOXL, SanDisk Down Around 3%; Micron, WDC, Marvell Down About 2%; South Korean-Related ETFs Fall with KORU Down Nearly 9%
Crypto Daily | JPMorgan Says Strategy's Bitcoin Sales Create Periodic Selling Pressure; Eric Trump Says 'Just Hold On' While Bitcoin Erased $600M From His Fortune
But the billion dollar question is why is it falling? Shouldn't US stocks be falling instead? This is weird.
HK Stocks Continue to Fall. HSTECH Tumbles 5%; Knowledge Atlas Plunges 26%; MiniMax Down 14%; XPeng, SMIC Down 9%; NIO Down 7%; Tencent Down 5%; Alibaba, Baidu Down over 4%
Looks like this AI/Semi-con funk is goong to take longer to play out. One day rally follow d by deeper dive the next day. But this can be expected. After all the rally was over almost 2 years. Some correction may be healthy. Perhaps the funk will last another month or so?
24H | Chip, Storage Shares Fall. SK Hynix Drops over 5%; SOXL Down 4%; SanDisk, Western Digital, ARM Down Around 3%; Micron Down Abput 2%
24H | Chip, Storage Shares Drop with SOXL, SanDisk Down Around 3%; Micron, WDC, Marvell Down About 2%; South Korean-Related ETFs Fall with KORU Down Nearly 9%
Is AI generated news? Please check. 9. Former President Trump indicated the U.S. may conduct additional strikes on Iran, warning of further action if tensions persist. Iran pledged immediate retaliation, heightening geopolitical risk. Energy markets reacted with a renewed risk premium, adding to inflation concerns.
Post-Bell|Dow Slides While Chip Leaders Surge; Geopolitics Lifts Oil And Steadies Bonds