Equities: Record highs with chip leadership – Deutsche Bank
Deutsche Bank analysts report that the S&P 500 closed at another record high, supported by strong gains in chip stocks and energy names, even as broader market breadth remained cautious. They note a sharp selloff in the KOSPI as much as 5% before trimming losses, with Samsung under pressure and NASDAQ futures underperforming S&P 500 futures on the back of weaker tech sentiment. US equities notch fresh records “Before that, US equities continued to advance yesterday despite the Iran stalemate, with the S&P 500 (+0.19%) and the NASDAQ (+0.10%) posting new records. Chips stocks again led the way, with the Philly semiconductor index (+2.59%) extending its YTD gain to +70%, while energy companies also surged.” “That said, the broader market mood was a bit more cautious, with most S&P 500 constituents lower on the day and the Mag-7 (-0.26%) slipping. Across the Atlantic, European equities were also more mixed, with the Stoxx 600 (+0.11%), FTSE 100 (+0.36%) and Dax (+0.05%) posting modest gains, while Frances CAC 40 (-0.69%) underperformed amid a fall in luxury retail stocks.” “…the major story out of Asia this morning were comments from South Koreas presidential policy chief Kim Yong-beom proposing a ”national dividend“ to share in excess AI industry









