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Shanghai, Straits, Semis, & Selling: Black Gold, Big-Tech, & Bonds Bifurcate

Tyler Durden's Photo
by Tyler Durden
Authored...

Tl;dr: Surging South Korea started to stall overnight (after SK Hynix hit a trillion dollars), Shanghai shuddered (on capital crackdown), and despite optimistic Strait-talks (lower oil), Semis slipped lower today, tanking tech (and bitcoin) as day-traders dumped. Stocks ended basically unch. Dollar strength pressured PMs and bonds trod water.

Oil