On Tuesday, the semiconductor-heavy Kospi Index in South Korea dropped 10% from all-time highs. At the same time, investors rotated to the Hang Seng China Enterprises Index which climbed more than 4% in a single day, its biggest advance since April 2025. Opening Trade guests discuss whether this signals an impending bear market, with rising inflation, tariff pass-through effects, and the possibility of central bank interest-rate hikes all adding to market risks.
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