Semiconductor index down 38% since June... possible bottom in Q1 2027
Original headline반도체지수 6월 이후 38% 하락…2027년 1분기 저점 가능성
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The Philadelphia Semiconductor Index (SOX) closed at 9,011.14 on the 5th, down roughly 38% from its June 22 peak of 14,634.72 over a 136-day decline. Bank of America's latest semiconductor sector report, cited by Wall Streetcn on the 9th, sets a base case that this selloff bottoms in Q1 2027. The report compares the current downturn with the 2011, 2015, 2018 and 2022 cycles, which averaged a 32% drawdown over 253 days, meaning this episode has fallen further but run only slightly more than half the historical average duration. It also notes SOX has typically peaked six to nine months ahead of declines in semiconductor sales. Investors will watch whether earnings guidance deteriorates enough to confirm the historical lead-lag pattern and whether the Q1 2027 bottoming scenario holds.
Muhabbit's AI wrote this summary in its own words from TokenPost's report and translated it from Korean. It can get details wrong, so check the source.
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Philadelphia Semiconductor Index (SOX), Bank of America (BAC), Wall Street CN
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