Key Facts
What the world’s markets decided. The great rotation out of expensive tech rolled on. Chips sold off again on Friday over the rising cost of AI — the US chip group SMH fell −3.97% — but money flowed into safer sectors, and US healthcare surged +3.03%. The headline indexes barely moved: the S&P 500 −0.05% and the Dow −0.09%.
The mega-cap split. Apple rebounded +3.14% and Microsoft jumped +5.71%, recovering from their slides, but the chipmakers kept falling — Broadcom −3.67% and Nvidia −1.64%. Investors are leaving the AI trade, not the whole market.
Korea is now the epicentre. The chip pain has narrowed to one place — Samsung fell another −5.15% and the KOSPI −1.18%, while Taiwan +1.22% and Hong Kong +1.77% actually rose. The selloff is becoming Korea’s problem, not Asia’s.
Commodities split. Metals climbed — gold +1.13%, copper +0.95% — while oil fell −3.50%, a mixed picture that helps the region’s miners but pressures its oil names.
