South Korean stocks experienced a sharp decline, with the Kospi index plummeting nearly 10% from its record high. Chip giants SK Hynix and Samsung Electronics led the sell-off as investors grew concerned about an overstretched rally. This downturn follows a period of strong gains, with market watchers now closely awaiting Micron Technology's earnings for insights into the semiconductor sector's health. Foreign investors offloaded significant holdings amid rising market volatility.
  • Kissaki@beehaw.orgEnglish
    1·
    1 day ago

    It’s kinda crazy that (supposedly) the entire market is waiting for one company’s earnings data. Earnings that materialized over time, yet we’re waiting for a single publication at one point in time.

  • its_me_xiphos@beehaw.org
    9·
    10 days ago

    Here are my three best guesses, which are as good as anyone’s on this point. Maybe it’ll garner some discussions because the industries ability to seemingly break all barriers and avoid the cliff thus far are surprising:

    1. Memory companies will be a sign first.
    2. AI recruiting companies (Mercor) slow recruiting and don’t post as many jobs or at such high rates.
    3. Utility usage decreases in areas with major AI data centers. (I really wish I had access to data on this).