Soxx

• The KOSPI index fell 44% and the SOXX semiconductor index dropped 30%, signaling significant volatility in the tech sector. • South Korea's market is particularly vulnerable due to its heavy reliance on Samsung Electronics, SK Hynix, and the broader memory-chip industry. • This downturn occurs despite expectations of strong semiconductor demand and rapid earnings growth, suggesting a high bar for investor satisfaction.

• Meta Platforms shares surged 3.7% following the launch of a new subscription service, while Arm Holdings tumbled 5.8% due to manufacturing constraints delaying revenue from its AGI CPU. • The broader semiconductor sector felt the impact, with the SOXX index falling 1.1%, and cybersecurity stocks slid after Zscaler provided soft fiscal fourth-quarter guidance. • MongoDB's Atlas cloud database has reached a $2 billion annualized revenue run rate, yet the stock remains down 26.3% year-to-date as investors await a more constructive outlook from management.