🚨 Wall Street smiled. Asia pulled the fire alarm.
U.S. markets finished higher Wednesday as wholesale inflation cooled, megacap technology recovered, and BlackRock’s assets under management passed $15T.
Then Asia delivered a different message.
South Korea’s semiconductor-heavy KOSPI fell more than 6%, Japan declined sharply, and mainland China weakened. The market is no longer treating the AI economy as one trade. It is separating the companies collecting AI revenue from the businesses carrying fabrication, power, construction, export, and obsolescence risk.
⚡ Blackstone is investing approximately $5.34B in behind-the-meter natural-gas power…
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