Welcome back to Markets Desk, here's what's moving the tape this afternoon.
Korean equities capped a turbulent week on a high note, with reports of a deal between Anthropic and Samsung sending the market sharply higher. Despite showing signs of fatigue in recent months, the Korean benchmark has still delivered an extraordinary one hundred sixty four percent return so far in two thousand twenty six, making it one of the standout performers globally.
Turning to a name that's been generating its own gravitational pull, Michael Burry of Big Short fame appears to be developing what analysts are calling a Burry effect. His latest bearish move targets Micron, the memory chipmaker closely tied to the artificial intelligence trade. When Burry bets against a stock, markets are increasingly paying attention, and Micron shares have felt the pressure following reports of his short position.
Meanwhile, Palantir presents a different kind of puzzle for investors. The data analytics company is posting strong business results, yet its stock has fallen by more than a third from recent highs. This is a classic tension between valuation and fundamentals, where a stock priced for perfection punishes even solid execution the moment sentiment shifts and multiple compression sets in.
That's the tape. Markets Desk, signing off the floor.
