The Trading Day · Thursday, August 13, 2026

Challengers paid, champions sold — Seoul enters a bull market as the rotation shows its hand

Wednesday took the dovish CPI branch at full width — semis surged, funded by software again, and the bellwether pair got its verdict at the close: CoreWeave +19.3%, Nebius +34.1% through the disclosed short near 212.

The Morning 10

Challengers paid, champions sold — Seoul enters a bull market as the rotation shows its hand

  1. 1 The bellwether pair — verdict at the close
  2. 2 Coherent & Cisco — the beats got sold
  3. 3 Seoul enters a bull market — Asia's third vertical session
  4. 4 The rotation inside the AI trade — four indices, one message
  5. 5 The two tells — IEF under the floor, dollar-yen at the line
  6. 6 Print-record windows — three verdicts and the anti-Coherent
  7. 7 Semis vs software — the funding trade repeats
  8. 8 Vol, factors, temperature — the benign branch ran
  9. 9 Calendar: PPI and claims — 14:30 CET
  10. 10 Outside view — Dan Ives · Wedbush

Print-record cards of the day

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