The AI collapse in Asia: What the 5.8% drop in the Kospi teaches Brazilian investors

The sharp 5.8% decline in the South Korean Kospi index is not an isolated event, but a sign of exhaustion in a gravity-defying tech rally. When global markets, especially Asian ones, undergo a correction of this magnitude, the ripple effect hits risk appetite in markets like Brazil, where investors are desperately seeking returns amid a 14% Selic rate. The devaluation of semiconductor tech stocks in Asia reflects a critical reassessment of the pace of AI monetization, challenging the excessive optimism that dominated the first half of 2026. The commercial dollar reached R$ 5.20, up 2.23% in seven days, signaling a flight to safety. With 12-month inflation at 4.44% and high interest rates, investors are pivoting away from growth stocks toward value-oriented assets with predictable cash flows. The outlook for the next 90 days suggests a sector rotation, while the long-term stabilization depends on U.S. interest rate clarity. Investors are advised to adhere to Howard Marks' asymmetric risk theory, focusing on real cash-generating assets rather than speculative tech trends.