Asian markets showed clear divergence today: Korean stocks slipped into a technical bear market, while Hong Kong tech stocks led the charge. Bitcoin retested the 200-week moving average, with support near $63,000 becoming a key short-term level. The Korean market was dragged down by selling pressure in chip stocks, falling more than 20% from its highs. Meanwhile, Hong Kong stocks rebounded, driven by over 11 billion HKD in southbound inflows, with the Hang Seng Tech Index surging over 5%. Leading the gains were tech names like Alibaba and Xiaomi. Up next, the market focus will be on the Fed meeting minutes, China’s inflation data, and whether AI and chip trades can hold steady.