DYM (Dymension) fluctuates 42.9% in 24 hours: Trading volume surges 971% driven by TVL growth

Investors are increasingly questioning the previously widespread Wall Street trading logic: going long on large technology stocks while shorting defensive markets pressured by concerns that AI-related spending will reignite inflation.

AI giants' massive capital expenditures have triggered a market trust crisis, with the Nasdaq recording its worst two-week performance in recent years, and a basket of AI-related stocks plunging 4.9% in a single week. Meanwhile, US Treasury bonds have made a strong reversal, with the 10-year yield falling below 5% and bond ETFs attracting $58 billion in a single month. The expansion of AI and government deficit financing are simultaneously competing for limited capital, fundamentally rewriting the logic of the era of cheap capital.

In September this year, Korea's HMM (Hyundai Merchant Marine) alone accounted for nearly 40% of the oil transit volume through the Strait of Hormuz, and in the first 10 days of October, this figure surpassed 50%, with the single-month oil transport volume exceeding the combined total of shipowners from Saudi Arabia, Kuwait, and the UAE. By engaging in high-premium "relay trade," it has made enormous profits from sky-high charter rates. The driving force behind this is a stake endorsement from the world's largest shipowner, MSC. Currently, its fleet consists of 162 vessels, making it the world's largest oil tanker operator.

Gold fell below $4,000 this week, hitting a three-month low, diverging from US Treasury yields despite heightened global risk aversion. Analysts attribute gold's weakness to the fading speculative sentiment over the past year and rising expectations of interest rate hikes. Meanwhile, the yen, with its 40% undervaluation, has become Goldman Sachs' top choice as a hedging tool, quietly reshaping the landscape of traditional safe-haven assets.