Cathie Wood bought 209,583 shares of SPXC and sold 163,712 shares of ROKU today.

Nasdaq down -1.32%, S&P down -0.37%

Today suddenly saw a massive drop, the Korean stock market circuit breaker was triggered again, with the KOSPI index plunging over 8% at one point. Samsung Electronics fell nearly 5%, SK Hynix fell over 10%. If you translate that to a leveraged long position in Hong Kong stocks, that's over 20%. This year, Samsung and Hynix have been on a wild bull run again, and Korean retail investors love to use leverage. A crash like this can easily trigger margin calls.

Cross-party lawmakers in the Korean National Assembly are discussing tax reforms. Regardless of whether assets are sold, taxation will be based on substantial net asset value appreciation. Unrealized gains from investment assets like stocks and real estate will also be subject to tax. This is really panic-inducing news. Logically, a small country like Korea shouldn't drag down US stocks, but coupled with Micron's earnings report on Wednesday, these two days have been a bit intense.
 

Cathie Wood bought 209,583 shares of SPXC, 490,584 shares of RBLX, and 2,134 shares of ALMR today.

Sold 163,712 shares of ROKU, 185,846 shares of SRTA, and 20,284 shares of TWST.