The legend in the InstaSpot team!
Legend! You think that's bombastic rhetoric? But how should we call a man, who became the first Asian to win the junior world chess championship at 18 and who became the first Indian Grandmaster at 19? That was the start of a hard path to the World Champion title for Viswanathan Anand, the man who became a part of history of chess forever. Now one more legend in the InstaSpot team!
Borussia is one of the most titled football clubs in Germany, which has repeatedly proved to fans: the spirit of competition and leadership will certainly lead to success. Trade in the same way that sports professionals play the game: confidently and actively. Keep a "pass" from Borussia FC and be in the lead with InstaSpot!
Yesterday, US equity indices finished mixed. The S&P 500 rose by 0.02%, while the Nasdaq 100 fell by 0.18%. The Dow Jones Industrial Average gained 0.51%.
After the closing bell, however, futures saw a sizable sell-off that carried into today. The MSCI Asia Pacific index plunged by as much as 3.6% to a May low, approaching technical correction territory. South Korea's KOSPI led regional losses, tumbling by 11% and trading more than 30% below its peak amid a deepening semiconductor rout. SK Hynix and Samsung Electronics each fell by 13%.
Brent continued Monday's drop — the largest in more than three months — sliding by another 0.6% to roughly $87.80/bl. Treasuries rallied for a second day, pushing the 10-year yield down two basis points to 4.63%.
Clearly, greed has turned to fear in AI-linked chip names. Investors are now interpreting every headline negatively and using it as an excuse to sell rather than critically assessing true fundamental impacts. The chip sell-off reflects a confluence of worrying signals. A fresh round of Nvidia deals totaling more than $750bn stoked fears of artificially inflated AI demand via circular transactions. A report by The Information that a state-linked Chinese firm has started mass production of immersive deep-UV lithography tools added to the unease. Investors are not yet ready to dismiss AI-sector concerns: the latest semiconductor liquidation shows that doubts over spending, returns, and valuation are deepening, not abating.
The chip crash has significantly raised the stakes ahead of a busy event week. Key bank decisions from the Fed, the Bank of Japan, and the Bank of England are due, and megacap earnings loom: Microsoft, Meta, Apple, and Amazon are set to report this week. Geopolitics and oil are likely to remain the biggest wildcards.
Technically, the S&P 500 analysis suggests that the immediate task for buyers is to overcome the resistance level of $7,404. Doing so would confirm upside and open the path to $7,427. Holding above $7,451 would further cement the bulls' position. On the downside, buyers must defend $7,381. A break below that level would likely push the index back to $7,355 and open the way to $7,339.
*Analiza tržišta koja se ovde nalazi namenjena je boljem razumevanju tržišta i ne pruža instrukcije za vršenje trgovanja.
Uz InstaSpot-ove analitičke preglede uvek ćete biti u toku sa tržišnim trendovima! Klijentima InstaSpot-a su dostupni mnogobrojni besplatni servisi za uspešno trgovanje.
