Korea took the hit and recovered. Wall Street is starting to look less comfortable. KOSPI closed +0.23% after being more than 1% down intraday. Samsung +0.38% SK Hynix +1.14% Meanwhile $NQ futures are now roughly -1.2%. $NVDA, AMD and Intel are down around 1.5% to 3% pre-market. Brent ~$92.66. U.S. 10Y touching ~4.80%. And Fed Governor Barr has now said another hike may be needed if inflation doesn’t cool quickly. That comment hits differently with oil already this high. $BTC has also slipped below $78K during the session and isn’t showing the same resilience it had earlier. This still isn’t panic. But I’m running out of reasons to dismiss the move. Korea absorbed it. Now we find out whether U.S. tech can.
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