[Big Short Burry Reveals the Cause of Hong Kong Stocks' Plunge: Chip Boom Diverts Capital to Korea and Japan, Technical Selling Pressure Pushes Tech Giants Near Lows] According to Golden Finance, on June 26, Hong Kong stocks remained weak. Michael Burry, the real-life inspiration for the protagonist of the movie *The Big Short*, renowned investor, and legendary hedge fund manager, explained that capital is flowing across regions in search of semiconductor investment opportunities, diverting funds from Hong Kong to the markets in Korea and Japan, leading to a significant drop in Hong Kong stocks, underperforming other regional markets. Burry mentioned the performance of Hong Kong stocks in a Substack post, stating that the chip boom is drawing funds away from Hong Kong to Korea and Japan. Trend investors and large funds focused on Asia are rapidly reallocating assets, which is clearly reflected in the charts of the Hang Seng Index, Japan's TOPIX, and Korea's KOSPI Index. Notably, this technical pressure is once again pushing the stock prices of leading Chinese companies down to near their lows. This has broken through chart trends, and the situation seems likely to persist. However, this pressure has now become a hallmark of the global semiconductor boom—it is a technical pressure, not a fundamental one.