S&P 500 β US Large Cap Index
FTSE 100 β UK Blue Chips
Euro Stoxx 50 β Eurozone Leaders
DAX 40 β German Equities
CAC 40 β French Market Index
Nikkei 225 β Japan Benchmark
Hang Seng β Hong Kong Index
Shanghai Composite β China Mainland
ASX 200 β Australian Market
TSX Composite β Canada Index
Nifty 50 β India Large Cap
STI Index β Singapore Market
KOSPI β South Korea Index
Bovespa β Brazil Equities
JSE Top 40 β South Africa Index
IPC Index β Mexico Market
US100 is down almost 2% π¨
The US session is starting with declines in the tech index approaching almost 2%.
The market has broken below the resistance defined by the EMA100 moving average, approaching the 161.8% Fibonacci extension of the May upswing. RSI (14) has reached its lowest level since March 2025, below 35. Source: xStation5
Despite the significant scale, this sell-off is highly concentrated. Among the biggest losers are memory companies and semiconductor stocks, with losses across nearly the entire industry around 10%.
- Concerns about CAPEX may be compounded by China. The CXMT IPO and rumors of a breakthrough in Chinese DUV equipment have the potential to clearly hurt margins across the whole sector, which until now has benefited from the buildout of AI infrastructure.
- Also noteworthy is a Citadel publication, which speculates that the Fed could surprise markets with an interest rate hike.
- The Fed and upcoming earnings from Meta, Microsoft, and Amazon will set the direction for the indices in the coming months.
