Events · who it helps and who it hurts

Korea 20-day exports (semiconductor line)

South Korea's exports for the first 20 days of the month, the earliest read on global chip demand.

Not on our calendar

The reads below are for when Korea's chip exports come in stronger than expected. Expect the opposite when Korea's chip exports come in weaker.

Sectors

TechnologyUsually helpsThis is the earliest read on demand for chips and hardware; the companies that design chips learn their own sales from it.

Communication ServicesUsually helpsA read on how much the big cloud companies are spending on AI.

Basic MaterialsLittle effectLittle direct link.

Consumer CyclicalLittle effectLittle direct link.

Consumer DefensiveLittle effectLittle direct link.

EnergyLittle effectLittle direct link.

Financial ServicesLittle effectLittle direct link.

HealthcareLittle effectLittle direct link.

IndustrialsLittle effectLittle direct link.

Real EstateLittle effectLittle direct link.

UtilitiesLittle effectLittle direct link.

Where each sector’s relative strength sits this week is on the rotation board.

Semiconductor Equipment & MaterialsUsually helpsStrong demand pays for new factories.