Global Markets Face Broad Pullback, Serenity Says

Serenity, known as the “white-haired stock god,” said in a post on X that global markets are undergoing a correction and it is unclear when it will end. According to Odaily, several major Asian equity indexes posted sharp declines, including South Korea’s KOSPI, Japan’s Nikkei 225, and Taiwan’s weighted stock index. Serenity said the KOSPI fell 8.18%, including declines involving SK Hynix and Samsung. The Nikkei 225 dropped 4.8%, and Taiwan’s weighted stock index fell 3.82%. Serenity also said SOI and RKLB declined 30% to 40%. Based on personal experience, Serenity said high-beta stocks tend to be hit harder, often fall ahead of broader market indexes, and typically recover earlier. Serenity added that, aside from South Korea’s typically volatile market, periods when major indexes begin falling 3% to 4% per day are usually not a good time.