South Korea's KOSPI Index Plunges Nearly 9% as Tech Stocks Tumble on Fed Concerns

The KOSPI index experienced an extreme decline of 12.66% in its last close, falling to the 1190 level. Although the RSI has entered oversold territory at 28.3, the MACD indicator remains in negative territory and below its signal line, indicating strong downward momentum. The price has fallen well below both the 20-day (1313) and 50-day (1325) moving averages. The headline confirms that the sharp sell-off in technology stocks continues amid Fed concerns. A technical rebound may occur in the short term due to oversold conditions, but the main trend remains bearish, and the downtrend is expected to persist for some time.

The headline indicates a sharp decline in technology stocks due to Fed concerns, with the KOSPI index losing nearly 9%. This could create negative global risk appetite for tech stocks such as GOOGL. Technically, the RSI is neutral at 48, while the MACD remains above the signal line but still in negative territory. The price is trading above the SMA20 but below the SMA50, suggesting potential for a short-term recovery, though the overall trend remains weak. Despite a 1.2% gain from the last close, the negative sentiment from the news and technical resistance make a short-term decline more likely.

Despite NDX being in oversold territory with an RSI of 15.2, macroeconomic concerns and heavy selling pressure on technology stocks may sustain the short-term downtrend. The MACD is in negative territory and below its signal line, confirming weak momentum. The price is trading well below the 20- and 50-day moving averages, indicating a deteriorated technical structure. However, some bargain buying may emerge due to oversold conditions, so while the downside expectation is high, the risk is limited.

The headline indicates a sharp Fed-driven sell-off in global technology stocks. AAPL's technical indicators support this decline: RSI at 36 is approaching oversold territory, MACD is below the signal line and in negative territory. The price is trading below both the 20-day and 50-day moving averages. In the short term, selling pressure is likely to persist, though oversold conditions may trigger a modest rebound.