🔴 SPWO is trading 5.1% down today on a sharp selloff in Asian markets and cooling AI sentiment

SPWO is trading 5.1% down following a sharp overnight selloff in Asian and international markets, reversing Monday’s foreign large-cap rerating.

• Major indices including South Korea’s Kospi and Japan’s Nikkei plunged as risk appetite for international equities weakened and AI-chip sentiment deteriorated.
• Investors are turning cautious ahead of key US economic data and the upcoming Federal Reserve meeting, pressuring broad ex-US growth exposures.
• The decline marks a significant reversal of recent gains in non-US markets as global risk appetite softens.