For those wondering why premarkets are ugly…it has to do with South Korea: - KOSPI, South Korea’s index, fell 9.9% for the worst day since March - Korean lawmakers are reportedly discussing taxes on unrealized stock gains which could also be causing people to sell - $SPCX did a complete round trip to its opening IPO price and we don’t know how many Koreans are levered in SpaceX but it is a very popular name given $TSLA was a top 5 stock in South Korea…any volatility in SpaceX could also lead to selling across the country - KOSPI falling is hurting the memory names in the US since Samsung and SK Hynix took a pretty large dip, but you also have $MU earnings tomorrow so it could be people selling into the print - Finally, you have continued fears of a rate hike with BofA coming out sayi
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