地政学的イベントの影響：台湾海峡シナリオ

I'd lean towards increased uncertainty. The rhetoric has definitely heated up, and even if nothing specific changed, the market hates ambiguity.

I think it's more about the broader economic implications. Any hint of a conflict, however small, would trigger massive supply chain disruptions, and that's what's being priced in.

I wonder if options traders or large institutional players are driving this. Their moves can often reflect a deeper, less public assessment of risks.

Let's not overthink it. Sometimes these drops are just a natural re-calibration after a period of stability, especially if there's no strong counter-narrative.

Could be the recent increase in military exercises, both from China and the US/allies, signaling a heightened state of readiness or posturing.