EOD recap - 13 Jul 26


US markets found its footing after the first 30 minutes with semis staging a decent recovery despite the drubbing that Korean memory tickers took in Asia. This looked hopeful until we had a confluence of headlines (Iran, Fed) that soured risk sentiment. Within the various sectors, neos were broadly sold down, $NBIS regained its previous position as the most defensive of the lot. $GLXY traded surprisingly weak, despite widespread market speculation for a deal announcement soon.
Going into tomorrow, we have KOSPI on a precarious edge. Retail buying in KR has been balancing out instis outflows. Interesting statistic (not sure how true) is that out of 1.2m lev accounts in KR, about 300k have been fully liquidated - that is about 25%...shockingly high statistic.On $0660 trading tomorrow, 1.6m and 1.8m KRW are levels to watch.
All in all, US semis performance while not great on the day, remained relatively strong for all the punches launched at it.
NBIS-4.26%
GLXY-6.14%
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