📊 Midday Quick Look
South Korea has been halted again. $BTC is still stuck at around $57K, but the real storm is in Asia.
The KOSPI is down another 8% today, triggering a circuit breaker for the second consecutive day—this is the ninth time this year. SK Hynix has wiped out a fifth of its market value in two days. Korean stocks surged 80% in 10 weeks, then gave back 40% over 5 weeks. The trigger was the listing of CXMT (ChangXin Memory Technologies). China’s semiconductor sector has started taking a bite out of South Korea’s share.
Samsung plus SK Hynix make up 40% of the KOSPI market cap—when one collapses, everything collapses.
$BTC is technically fragile. After a failed rebound from $65.6K, it plunged another 4%. The final line of defense is $74K—if that breaks, it may retest $47K downward. $ETH $SOL is lying down with it.
At 2:00 a.m. tonight, the Fed will release its interest-rate decision. The probability of a rate hike has jumped from 16% a week ago to 36%. In anticipation of Mr. Waller’s remarks, U.S. stocks first break down.
#韩国股灾 #Fed
South Korea has been halted again. $BTC is still stuck at around $57K, but the real storm is in Asia.
The KOSPI is down another 8% today, triggering a circuit breaker for the second consecutive day—this is the ninth time this year. SK Hynix has wiped out a fifth of its market value in two days. Korean stocks surged 80% in 10 weeks, then gave back 40% over 5 weeks. The trigger was the listing of CXMT (ChangXin Memory Technologies). China’s semiconductor sector has started taking a bite out of South Korea’s share.
Samsung plus SK Hynix make up 40% of the KOSPI market cap—when one collapses, everything collapses.
$BTC is technically fragile. After a failed rebound from $65.6K, it plunged another 4%. The final line of defense is $74K—if that breaks, it may retest $47K downward. $ETH $SOL is lying down with it.
At 2:00 a.m. tonight, the Fed will release its interest-rate decision. The probability of a rate hike has jumped from 16% a week ago to 36%. In anticipation of Mr. Waller’s remarks, U.S. stocks first break down.
#韩国股灾 #Fed