• 

  38%

  −1.7%

  AI Chip Derating

  Investors extend the selloff in Asian semiconductor names as the Democratic sweep reinforces expectations of tighter China controls, higher scrutiny of AI capex, and rotation away from 2026’s biggest winners. The move remains concentrated in technology rather than becoming a broad financial-stress event.

  Technology −3.2% · Industrials −0.8%

• 

  27%

  −0.1%

  Rotation Finds Buyers

  The market decline in Asian chipmakers becomes part of a broader but controlled rotation rather than a persistent risk-off move. Investors reduce AI hardware exposure while adding to sectors viewed as beneficiaries or relative safe havens under a Democratic Congress.

  Technology −0.9% · Healthcare +0.8% · Utilities +0.8%

• 

  20%

  +1.2%

  Policy Clarity Rally

  US officials or congressional leaders signal that export-control policy will remain targeted rather than an immediate blanket restriction on Asian chip supply chains. Dip buyers return to semiconductor leaders, especially companies with visible AI demand and advanced-node capacity.

  Technology +2.1% · Industrials +0.4%

• 

  15%

  −2.2%

  Export Controls Escalate

  The market slide intensifies because investors conclude that the SK Hynix approval halt is the start of a broader export-control campaign under the new political alignment in Washington. The shock is still sector-specific, but it hits memory, foundry, and semiconductor-equipment names directly.

  Technology −4.1% · Industrials −1.3%

Each figure is the modeled move of the S&P 500 if it happens. For information only. Not investment advice.