Asian markets start Tuesday under pressure as a tech-led selloff drags down major indexes, highlighted by Samsung's sharp decline despite a staggering 19-fold surge in quarterly profit. Meanwhile, Wall Street paints a starkly different picture, with the Dow Jones hitting record highs while the S&P 500 and Nasdaq experience a major shift out of crowded mega-cap tech stocks. Dilin Wu, Research Strategist at Pepperstone, unpacks this stark market divergence. We discuss whether this tech sector cooling is a permanent shift or a temporary rotation into value and blue-chip stocks, and how upcoming milestones—like SpaceX’s Nasdaq 100 inclusion and SK Hynix’s US listing—will impact the sector.

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