Nasdaq 100 futures rebound 1% after earlier drop; Seoul index trims loss to 5.4%

The significance here is less the rebound itself than the intraday volatility it implies: US futures swung from a decline of more than 1% to a gain of as much as 1%, while the KOSPI's loss halved from over 8% to 5.4%. That kind of range suggests fragile liquidity and fast-moving positioning rather than a settled shift in sentiment. The KOSPI's outsized move relative to US futures points to Asia-specific stress, which matters for crypto and RWA markets that trade around the clock and often take their cue from Asian risk appetite. Whether the recovery holds into the close, or proves to be a bounce within a broader drawdown, is the open question.