Analysis: Strong Stock Faces One of the Most Severe Selloffs Since the Dot-Com Bubble, Attention Should Be Paid to Today's Performance of the South Korean Stock Memory Sector

BlockBeats News, July 3rd: Well-known analyst degentrading posted an analysis of the market's sharp volatility. In a recent "massacre" of strong stocks, this may be one of the most intense sell-offs of strong stocks since the Internet bubble, with an overall drop of about 24%. The Nasdaq 100 closed down 1.6%, while the S&P 500 only experienced a slight decline. However, beneath the index's surface, sector rotation was extremely fierce. Just by observing Apple's counter-trend rise of 4.64%, it is evident that the semiconductor sector was under pressure.

Given that most hedge funds were implicitly long on recent strong stocks, it is expected that the majority of them have been forced out or actively reduced their positions in this round. The morning stock market closing auction was relatively orderly, with the closing strength exceeding expectations. Looking ahead, degentrading believes attention should be paid to the trading reactions of SK Hynix and Samsung Electronics during the South Korean market session following SanDisk's 14% plunge. degentrading stated that despite a significant individual position risk exposure, they will remain steadfast.