Tech Selloff Extends

The most likely near-term path is another leg lower led by semiconductors, AI hardware suppliers, and high-duration technology shares. The selloff follows repeated reversals in the Nikkei and KOSPI since mid-October, with higher global yields and doubts about AI spending returns keeping positioning fragile.

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