WS #13302
Confirmed joint US-Japan yen intervention (first in 15 years) strengthens yen, pressuring Japanese and Korean equities, with Kospi -5.1% on chip selloff. Apple slides on DRAM shortage and supply constraints, but tariff refunds boost EPS; stock down 7.4% on Friday, losing ~$500B market value. Situational Awareness hedge fund collapse and $3T semiconductor market loss highlight systemic AI leverage risk; Citadel rescue provides temporary relief.
Yen intervention and Asian equity selloff
Confirmed joint US-Japan yen intervention (first in 15 years) strengthens yen, pressuring Japanese and Korean equities, with Kospi -5.1% on chip selloff.
Apple slides on DRAM shortage and supply constraints, but tariff refunds boost EPS; stock down 7.4% on Friday, losing ~$500B market value.
Situational Awareness hedge fund collapse and $3T semiconductor market loss highlight systemic AI leverage risk; Citadel rescue provides temporary relief.