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EN590 Commodities GroupMarket Analysis 2026-06-24T21:13:11+00:00
The tech sector took a hit on June 22, 2026. The Nasdaq 100 ($IUXX) dropped 3.29%, while the iShares Semiconductor ETF (SOXX) fell 7.88%. In Asia, South Korea's Kospi slid over 10% as foreign investors pulled more than $2.5 billion from chip stocks. Sandisk (SNDK) lost 13.64%, Micron Technology (MU) lost 13.18%, while Samsung Electronics dropped more than 12%. The sell-off started in Asia and spread globally as investors began questioning whether heavy AI spending can really support current chip valuations. But while chip stocks were falling, International Business Machines (IBM) moved the other way. The stock jumped 5.3% in midday training to lead the Dow Jones industrials after JPMorgan upgraded it to "Overweight" from "Neutral" and raised its price target to $291. The firm pointed to st
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25+ years in mineral exploration and extraction. 15+ years of global commodity trading. Based in New York, USA serving 75+ countries.