Market focuses on Federal Reserve Chairman Kevin Walsh's policy function, comparison between South Korea's KOSPI index and US tech stocks

BitUnix analysts pointed out that the market focus has shifted towards Federal Reserve Chairman Kevin Walsh's policy response function, with open interest contracts for federal funds futures hitting a new high. Amazon is reducing its internal AI models, and tech companies are shifting their focus towards capital efficiency. The situation in the Middle East is fluctuating, and the disputes between Iran, the Houthis, and the Strait of Hormuz are affecting the risk premium of crude oil. OPEC+will maintain stable production in 2026. The South Korean KOSPI index has fallen more than 30% from its June high, in contrast to the high levels of US tech stocks. If Federal Reserve Chairman Kevin Walsh sends a hawkish signal, US tech stocks will face valuation pressure.