Global stocks fell on Monday as Korea’s tech index plunged and investors sold
AI-related winners. Barclays equity analyst Emmanuel Kao said the move reflected
a mix of central-bank policy worries, excess supply and lingering geopolitical
risk from Iran. The sell-off comes ahead of major supply events: SpaceX plans to
IPO on Friday, Meta is weighing a large share sale and Google announced an $85
bln financing plan. Jefferies chief European economist Mohit Kumar cited
rates and large IPO risk as market pressures but said sharp moves are driven
mainly by position adjustments. CBOE options data show extremely bullish
positioning in semiconductor-related trades, leaving the sector vulnerable to
negative news.
