Nasdaq 100's 6.4% drop sets South Korea up for a rough night
The Nasdaq 100 just took a 6.4% nosedive, its worst since 2020. Now all eyes turn to South Korea, where markets are expected to fall sharply. According to Kobeissi Letter, South Korean stocks often move in multiples of US declines on days like this.
The Nasdaq 100 just suffered a 6.4% drop — its worst since 2020. That historic selloff has traders looking overseas for the next domino. According to @KobeissiLetter, South Korea is next in line.
South Korean markets are set to fall sharply, the account warned. On days like this, South Korea's market typically moves in multiples of the US decline. So the overnight session could be even more brutal.
Kobeissi Letter said all eyes will be on South Korea tonight and described the coming hours as an eventful night. It didn't offer specific numbers for how far South Korean stocks might fall.
The setup is clear: a massive US drop, and a market that tends to magnify moves. Traders are bracing for a volatile night. South Korea's open will be the first test of how far the pain spreads.
TopicsNasdaq 100 · South Korea · Kobeissi Letter
Source: x.com
Written by Paparazzi with AI. Not financial advice.
More stories
- Web3 & Cryptotokenpost.com0viewsSouth Korea Moves to Make Crypto Firms Report Security Breaches Immediately
- Web3 & Cryptox.com0viewsS&P 500 Sold All Day Without a Single Green Hour
- Web3 & Cryptox.com0viewsAnthropic investors balk at $1.5T IPO valuation as AI stocks sink
- Web3 & Cryptox.com0viewsIran sends US a nuclear proposal through Qatar, but talks wait on seven demands