> Nasdaq Suffers Historic $1.7 Trillion Market-Cap Loss, Biggest Drop EverPrevious | First | 1 | Last | Next
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Empty MaybeNasdaq Suffers Historic $1.7 Trillion Market-Cap Loss, Biggest Drop Ever
The Nasdaq composite suffered one of its sharpest sell-offs in years Friday, wiping out $1.71 trillion in market capitalization in a single day — the biggest drop in value ever recorded for the exchange.
Investors reacted to gross insider trading, rising interest-rate concerns, weakness in artificial intelligence-related stocks, and mounting geopolitical uncertainty.
Concerns intensified regarding the sustainability of massive investments flowing into artificial intelligence and semiconductor infrastructure.
While it's impossible to call the top of a bubble, trading in many of these AI issues has become a form of casino capitalism.
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Re: Nasdaq Suffers Historic $1.7 Trillion Market-Cap Loss, Biggest Drop Ever
Or maybe the market is pissed that NASDAQ is fast tracking the upcoming SpaceX IPO into the Nasdaq 100 index / QQQ.
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Re: Nasdaq Suffers Historic $1.7 Trillion Market-Cap Loss, Biggest Drop Ever
wrote:
Or maybe the market is pissed that NASDAQ is fast tracking the upcoming SpaceX IPO into the Nasdaq 100 index / QQQ.
They should send the pets.com sock puppet along on the first ride after the IPO.
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Re: Nasdaq Suffers Historic $1.7 Trillion Market-Cap Loss, Biggest Drop Ever
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Re: Nasdaq Suffers Historic $1.7 Trillion Market-Cap Loss, Biggest Drop Ever
Buy the dip
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Re: Nasdaq Suffers Historic $1.7 Trillion Market-Cap Loss, Biggest Drop Ever
Some of this is partly due to Korean retail investors piling in tech and semi stocks.
If you look at KORU ETF (Kospi x3), it fell by 40%.
The Korean Central Bank is also having to intervene in the currency markets.
This is like the yen carry trade of years past.
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Re: Nasdaq Suffers Historic $1.7 Trillion Market-Cap Loss, Biggest Drop Ever
wrote:
Some of this is partly due to Korean retail investors piling in tech and semi stocks.
If you look at KORU ETF (Kospi x3), it fell by 40%.
The Korean Central Bank is also having to intervene in the currency markets.
This is like the yen carry trade of years past.
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