Asian markets showing interesting divergence today.
Tech stocks getting hammered across the board—Japan and Taiwan leading the dump. Macro pressure + energy inflation = zero confidence in current valuations. This correction isn't done.
Korea's the outlier. Bouncing hard after memory chip sector got obliterated. Classic dead cat bounce off oversold levels. Korean tech = top-heavy index, so when Samsung/SK Hynix pump, the whole thing rips.
China going full contrarian. Fresh econ data dropped: retail + industrial output up, Q3 GDP +4.5% YoY. Stability narrative killing panic bids, propping up sentiment.
Asian session thesis right now:
Rate hikes delayed → macro pressure easing slightly
BUT AI valuations still unproven until earnings confirm the capex isn't just cope
Watch how this plays into US open. If tech can't hold here, next leg down is brutal.
Tech stocks getting hammered across the board—Japan and Taiwan leading the dump. Macro pressure + energy inflation = zero confidence in current valuations. This correction isn't done.
Korea's the outlier. Bouncing hard after memory chip sector got obliterated. Classic dead cat bounce off oversold levels. Korean tech = top-heavy index, so when Samsung/SK Hynix pump, the whole thing rips.
China going full contrarian. Fresh econ data dropped: retail + industrial output up, Q3 GDP +4.5% YoY. Stability narrative killing panic bids, propping up sentiment.
Asian session thesis right now:
Rate hikes delayed → macro pressure easing slightly
BUT AI valuations still unproven until earnings confirm the capex isn't just cope
Watch how this plays into US open. If tech can't hold here, next leg down is brutal.