Just as there had been slight corrections in the gold market as seen on 22 and 28 October 2025:
https://sg.finance.yahoo.com/quote/GSD.SI/history/
It is now happening in the tech sector. Since Tuesday 4 November, there has been a global selloff in semiconductor shares, which trimmed roughly US$500 billion (RM2.09 trillion) in market value. The culprits are mainly Palantir Technologies and Advanced Micro Devices.
https://finance.yahoo.com/quote/PLTR/history/
https://finance.yahoo.com/quote/AMD/history/
There is a larger threat to the tech sector due to the use of circular private financing arrangements to fund expansion in several major tech firms. If insufficient revenue is generated to pay investors and creditors, another more significant selloff will happen.
At the broader level, the rising trend in the equity market does not fit the rising downside risks to growth, as seen in the recent moderate decoupling between major world economies centred around the US, due to the US' self imposed tariffs. While market trends do not exactly follow economic trends, they usually rhythm. Hence, this divergence may be an indicator of more corrections in the near term.
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