Deep Tide TechFlow News, June 8 — The Asian markets continued last week's brutal sell-off on Monday, with the Korea KOSPI index plunging over 8%, led by the semiconductor sector. Lucerne Asset Management's investment chief Mark Vilan stated, "This wave of movement appears more like position and momentum strategy liquidations rather than a reassessment of the long-term artificial intelligence story.

Korean tech stocks have long been among the strongest performers globally, with market holdings highly concentrated. Therefore, when the non-farm payroll report was released last week and interest rate expectations shifted, these stocks naturally became sources of liquidity. The key question now is whether the AI spending by mega-scale companies will slow down. At this stage, we haven't seen evidence of this." (Jin10)