Global Tech Stock Selloff Deepens

Market Overview - The global tech sell-off is impacting markets worldwide, with the KOSPI index in Korea, heavily influenced by companies like Samsung and SK Hynix, experiencing significant declines [1][3] - There is a shift in market sentiment, with investors moving from AI software stocks to hardware plays, indicating a potential unhealthy rotation in the market [2] Investor Behavior - A capitulation is observed in Korea, affecting even previously resilient stocks, suggesting a broader market downturn that may extend globally [3] - Investors are now focused on profit and loss management, leading to position cuts across various sectors, including Chinese tech, which is also facing heavy losses [4] Market Sentiment - Current market conditions have led investors to prioritize squaring up positions over concerns about the tech sector's future, reflecting increased volatility and uncertainty [5]