#韩国kospi下跌触发熔断
The 5,000-point level Koreans defended for half a year disappeared in a single morning
An 8.8% plunge triggered a circuit breaker
💥 ⏰ 消息群里第一时间说
After trading resumed, the decline narrowed to 5.4%
On Friday morning, November 6, the MSCI Asia-Pacific Index fell 3% to 247.75 points
The Nikkei 225 fell below 58,000 intraday
Down more than 20% from its June high, it officially entered a technical bear market
The TOPIX fell 5.1%; the Shanghai Composite opened down 2.11%, the ChiNext Index fell 4.99%, and the STAR 50 fell 5.05%
The trigger came from Wall Street overnight
The Nasdaq 100 fell 6.4% on Thursday, wiping out $2.3 trillion in market value in a single day
It was the worst trading day since March 2020
The S&P 500 fell 4.4%, its biggest single-day drop since the tariff shock in April 2025
The Philadelphia Semiconductor Index fell about 16% for the week, its worst week since April 2024
Markets blamed expectations of tighter AI regulation following the U.S. election results 📉
Asian chip stocks were among the first assets to be liquidated
Samsung Electronics and SK Hynix both fell more than 10% intraday
SK SQUARE fell 13.47%, Samsung Electro-Mechanics fell 14.30%, MIRAE fell 17.04%, and Korea Investment Holdings fell 13.87%
In Japan, Advantest fell 15.38%, Tokyo Electron fell 12.56%, and SoftBank fell 14.25%
At the same time, the crypto market was caught in the crossfire
Bitcoin was at $76,024, down 5.34% over 24 hours
Ethereum was at $2,234.98, down 7.31%
SOL was at $89.99, down 5.46%; HYPE was at $77.25, down 7.78% 💥
Bitcoin's decline was smaller than those of Korean stocks and the Philadelphia Semiconductor Index
This time, it wasn't at the center of the storm
But it didn't manage to act as a safe-haven asset either
Gold was where the money really went
Spot gold climbed back above $4,100, up nearly 6% for the week
The 10-year Treasury yield was 4.83%, up just 0.9 basis points
So this sell-off isn't about money leaving the market—it's about money leaving long-duration assets 🦖
Next up is tonight's October nonfarm payrolls report
The Dow Jones consensus is for 59,000 jobs added, with unemployment holding at 4.2%
Initial jobless claims the previous week came in at 189,000, below every economist's estimate
Cleveland Fed President Hammack is still saying interest rates need to remain at restrictive levels ⚠️
A circuit breaker is a mechanical event. It only clears leveraged positions; it doesn't determine market direction
The narrowing of losses after trading resumed looks more like forced selling coming to an end than new money flowing in
The real dividing line will be the jobs data and what companies say about AI capital spending
Do you think this is the first major liquidation of the AI trade, or just an ordinary shakeout of positions?
Let's talk in the comments
Tap the profile picture to watch the livestream
Every day, we bring you the latest on global markets and crypto trends. We don't just tell you what happened—we help you understand the logic and opportunities behind it 👀🚀
The 5,000-point level Koreans defended for half a year disappeared in a single morning
An 8.8% plunge triggered a circuit breaker
💥 ⏰ 消息群里第一时间说
After trading resumed, the decline narrowed to 5.4%
On Friday morning, November 6, the MSCI Asia-Pacific Index fell 3% to 247.75 points
The Nikkei 225 fell below 58,000 intraday
Down more than 20% from its June high, it officially entered a technical bear market
The TOPIX fell 5.1%; the Shanghai Composite opened down 2.11%, the ChiNext Index fell 4.99%, and the STAR 50 fell 5.05%
The trigger came from Wall Street overnight
The Nasdaq 100 fell 6.4% on Thursday, wiping out $2.3 trillion in market value in a single day
It was the worst trading day since March 2020
The S&P 500 fell 4.4%, its biggest single-day drop since the tariff shock in April 2025
The Philadelphia Semiconductor Index fell about 16% for the week, its worst week since April 2024
Markets blamed expectations of tighter AI regulation following the U.S. election results 📉
Asian chip stocks were among the first assets to be liquidated
Samsung Electronics and SK Hynix both fell more than 10% intraday
SK SQUARE fell 13.47%, Samsung Electro-Mechanics fell 14.30%, MIRAE fell 17.04%, and Korea Investment Holdings fell 13.87%
In Japan, Advantest fell 15.38%, Tokyo Electron fell 12.56%, and SoftBank fell 14.25%
At the same time, the crypto market was caught in the crossfire
Bitcoin was at $76,024, down 5.34% over 24 hours
Ethereum was at $2,234.98, down 7.31%
SOL was at $89.99, down 5.46%; HYPE was at $77.25, down 7.78% 💥
Bitcoin's decline was smaller than those of Korean stocks and the Philadelphia Semiconductor Index
This time, it wasn't at the center of the storm
But it didn't manage to act as a safe-haven asset either
Gold was where the money really went
Spot gold climbed back above $4,100, up nearly 6% for the week
The 10-year Treasury yield was 4.83%, up just 0.9 basis points
So this sell-off isn't about money leaving the market—it's about money leaving long-duration assets 🦖
Next up is tonight's October nonfarm payrolls report
The Dow Jones consensus is for 59,000 jobs added, with unemployment holding at 4.2%
Initial jobless claims the previous week came in at 189,000, below every economist's estimate
Cleveland Fed President Hammack is still saying interest rates need to remain at restrictive levels ⚠️
A circuit breaker is a mechanical event. It only clears leveraged positions; it doesn't determine market direction
The narrowing of losses after trading resumed looks more like forced selling coming to an end than new money flowing in
The real dividing line will be the jobs data and what companies say about AI capital spending
Do you think this is the first major liquidation of the AI trade, or just an ordinary shakeout of positions?
Let's talk in the comments
Tap the profile picture to watch the livestream
Every day, we bring you the latest on global markets and crypto trends. We don't just tell you what happened—we help you understand the logic and opportunities behind it 👀🚀