Global Tech Stock Selloff Deepens

Watch on YouTube ↗  |  February 05, 2026 at 06:31  |  1:58  |  Bloomberg Markets
Speakers
Mark Cranfield — Cross Asset Strategist, Bloomberg

Summary

Mark Cranfield reports that the global technology selloff has spread into Asia, with the KOSPI under heavy pressure from Samsung and SK Hynix. He warns that the rotation from AI software into hardware is no longer healthy, and selling is broadening into Chinese tech, crypto, silver, and momentum trades. Investors are cutting positions across the board as losses in software force PNL management, leaving markets volatile and uncertain.

  • Global tech selloff extends into Asia, led by Korean AI hardware names.
  • KOSPI hit hard with Samsung and SK Hynix under pressure.
  • Software-to-hardware rotation no longer viewed as healthy.
  • Selling spreads to Chinese tech, crypto, silver, and momentum trades.
  • PNL management forces investors to cut positions across the board.
  • Market volatility and uncertainty prompt investors to square up and reduce risk.
Ideas
Mark Cranfield Cross Asset Strategist, Bloomberg 0:18
Korean AI hardware capitulating, KOSPI downside
The KOSPI is the poster child of the AI tech story, led by Samsung and SK Hynix. It is having a rough day in Asia and looks set to end badly, with capitulation in Korea showing that even previously immune AI hardware markets are falling.
EWY 005930.KS 000660.KS HIGH
Mark Cranfield Cross Asset Strategist, Bloomberg 0:37
AI hardware rotation no longer healthy
The recent healthy rotation out of AI software into AI hardware is no longer healthy. Hardware plays had been the way to go and were sustaining market strength, but even previously immune hardware names are now falling, as shown by capitulation in Korea.
AI Hardware HIGH
Mark Cranfield Cross Asset Strategist, Bloomberg 0:58
Global tech selloff spreading as investors de-risk
Mark Cranfield argues the global technology selloff is deepening and likely to spread further. Losses in AI software are forcing investors to cut positions elsewhere, and the unwind is moving through popular retail and momentum areas, making the tech sector fragile and volatile.
XLK HIGH
Mark Cranfield Cross Asset Strategist, Bloomberg 1:48
Silver caught in momentum unwind
Silver is being caught in the same retail and momentum unwind as investors cut positions across popular plays to manage PNL after tech and software losses.
SILVER MED
Mark Cranfield Cross Asset Strategist, Bloomberg 1:50
Momentum positions being cut broadly
Investors are cutting momentum positions across a variety of popular trades because losses in software and tech are forcing broad PNL management and de-risking.
MTUM MED
Mark Cranfield Cross Asset Strategist, Bloomberg 2:07
Chinese tech sees heavy losses
Chinese tech is also seeing very heavy losses as the global tech unwind broadens, indicating the selling pressure is spreading across major tech markets.
KWEB MED
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This Bloomberg Markets video, published February 05, 2026, features Mark Cranfield discussing EWY, 005930.KS, 000660.KS, AI Hardware, XLK, SILVER, MTUM, KWEB. 6 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Mark Cranfield  · Tickers: EWY, 005930.KS, 000660.KS, AI Hardware, XLK, SILVER, MTUM, KWEB