South Korea Industrial Output (YoY) below expectations (3%) in November: Actual (-1.4%)

Intel reports Q2 2026 results on July 23 after guiding for revenue of up to $14.8 billion. INTC is testing double-bottom support near $94 after a sharp semiconductor selloff.

TradingKey - On July 16, Eastern Time, the three major US stock indices closed lower collectively. Although US economic data remained robust and the start of the second-quarter earnings season was generally better than expected, a continued sell-off in semiconductor and AI hardware stocks weighed on

Micron posted record fiscal Q3 revenue of $41.46 billion and guided for $50 billion in Q4 sales, but MU has broken below $897.80 support as investors assess capacity growth and peak memory margins.

Japanese stocks extended their decline at the market open, with the Nikkei 225 falling more than 4%. Kioxia plummeted over 15%, and SoftBank dropped more than 7%.

Micron fell 7% on July 15 as China’s CXMT announced an $8.5B IPO and the US government considered new HBM export restrictions. At $904, the 50-day EMA and $869 support are all that stand between bulls and a deeper drop. KeyBanc says buy it.