Global Markets Strategy 14 July 2026 Japan Quant Strategy NKY futures avoid stop-loss selling and cash equity momentum hedge funds stand back – Japanese supply/ demand remains intact 1. Is stop-loss selling on the KOSPI 200 more than just a distant concern for the Nikkei Average? J P M O R G A N In the global stock market, AI-semiconductor-related weakness continues. Moreover, the sharp rise in crude oil prices, driven by renewed concerns over the situation in the Middle East, is weighing on risk assets in ...