As ceasefire rumors sent oil prices tumbling, the long-suppressed bullish sentiment exploded. Rumor has it that Barron cleared $950 million shorting crude—a massive win that signals the market's pivot back to the "disinflation" narrative
The Industrials and Consumer sectors were the stars of the show. ST Engineering and Wilmar International led the blue-chip charge, while AEM (the MVP of mid-caps) delivered a jaw-dropping 142.4% return in just three months!
$CSOP Samsung Electronics Daily (2x) Leveraged Product(07747)$ just delivered a 1Q26 preview far above expectations. Goldman noted that even with inventories at extremely low levels, the average selling prices (ASP) of DRAM and NAND surged 103% and 87% QoQ, respectively. The more important insight is this: this is not just a cyclical fluctuation — Samsung is now locking in elevated profits through long-term agreements (LTAs), and this kind of pricing power is unprecedented.
Trump announced a 90-day tariff pause for countries that hadn't retaliated. The market's reaction was immediate and historic: $S&P 500(.SPX)$ posted its biggest single-day gain since 2008. $NASDAQ(.IXIC)$ surged over 12% in one session. Those who had panic-sold at the lows watched the recovery happen without them.
1. U.S. Market Summary: Stocks Snap 5-Week Slide as Oil Surges to $112 Relief rally: Major U.S. indexes gained 3–4% last week, snapping a five-week losing streak. Resurgent oil: U.S. crude climbed to ~$112/barrel Friday—highest since mid-2022—amid escalating Strait of Hormuz tensions. Golden rebound: $Gold - main 2606(GCmain)$ recovered March losses, rising nearly 4% to trade around $4,700 on last friday.
Sustained Macro Tightening: Oil staying elevated well above US$100 keeps inflation and bond yields higher for longer, which mechanically compresses tech valuation multiples. The Earnings Reset Phase: Tech index drawdowns typically evolve in stages: valuation reset, then earnings downgrade, and finally revenue disappointment. An extended conflict risks pushing the market into the definitive downgrade phase.
Behind every holiday is a love for life. In the East, we eat qingtuan, swing on swings, and fly kites, embracing the idea that “all things grow at this time, clean and bright.”
In terms of daily performance, Korea-related ETFs moved higher across the board. The leveraged product $Direxion Daily MSCI South Korea Bull 3x Shares(KORU)$ posted the largest gain, rising 16.84%. Among broad-based ETFs, $iShares MSCI South Korea ETF(EWY)$ gained 5.65%, $Franklin FTSE South Korea ETF(FLKR)$ rose 5.56%, and $Matthews Korea Active ETF(MKOR)$ increased 5.51%, broadly tracking the index rebound. The defense-focused ETF $PLUS Korea Defense Industry Index ETF(KDEF)$ rose 2.65%, showing relatively smaller movement. Overall, leveraged products exhibited stronger upside, while broad ETFs followed more steadily.