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During the holiday period, global markets experienced significant fluctuations. U.S. stocks initially declined and then rose amid a pullback in software stocks and concerns over an AI bubble. Trump's additional 10% temporary tariffs increased policy uncertainty. The US dollar slightly rebounded, while oil and gold prices rose. Asian markets showed mixed performance, with South Korea's stock market reaching new highs. Overall economic data and consumer recovery remain slow.

What we want you to know is:
In the previous Tech Industry Flash Report "Who Benefits from the AI Boom? Giants' Earnings Reports Provide the Answer," we mentioned that semiconductors related to AI, memory storage, and consumer electronics are generally in a stable and healthy state. However, automotive & industrial semiconductor manufacturers continue to have high inventory turnover days, and inventory reduction takes significantly longer. The main reason behind this is primarily due to 2021 ~

What we want you to know is:
Yesterday, the U.S. January employment report was released. Although January non-farm payrolls exceeded expectations, after the 2025 fiscal year baseline revision, employment growth was revised down from +584,000 to +181,000, equivalent to a monthly average increase from 49,000 down to 15,000. The growth rate nearly stagnated, raising concerns about whether the weak labor market will undermine consumer spending momentum.

During the holiday period, global markets experienced significant fluctuations. U.S. stocks initially declined and then rose amid a pullback in software stocks and concerns over an AI bubble. Trump's additional 10% temporary tariffs increased policy uncertainty. The US dollar slightly rebounded, while oil and gold prices rose. Asian markets showed mixed performance, with South Korea's stock market reaching new highs. Overall economic data and consumer recovery remain slow.