After three months of consistent gains, the start of July has been tough. Small losses in crypto, a major pullback overseas, and although I avoided the first 7 days of declines in A-shares, I couldn’t resist jumping into tech yesterday. As soon as I made a move, I got temporarily stuck. The good news is that U.S. tech stocks started rebounding last night. Hopefully, this will drive a rebound in Korean stocks and domestic tech today. SK Hynix is set to list on Nasdaq on the 10th. Compared to ETFs like 7709, the underlying stock doesn’t have any decay. It’s normal for funds to sell double-leveraged ETFs to buy the underlying stock before its listing, which explains why the premium on 7709 has been crushed harder than 7747. Next week, we’ve got CPI data and TSMC’s earnings report. How long this rebound lasts will depend on next week’s data. Fingers crossed it helps turn my A-shares profitable and narrows my overseas losses.