🏛 Central Banks & Macro risk-off · 1–3 years
A what‑if from the future

What if a global semiconductor downturn hits Malaysia's large electronics-export base?

A global semiconductor and E&E downturn hits Malaysia's large electronics-export base, dragging growth and lifting trade- and SME-loan delinquencies at domestic banks.

8%
our model probability
over 1–3 years
prediction markets — wisdom of the crowd
loading live odds…
Empirically anchored 8% · 90% range 0–18% · 40 analogues · measured class supply_chain 46% in 3 yr · 3% held back for the unknown
how we built this number — every step
Measured class rate — supply_chain ≈0.2052/yr → 46% in 3 yr46%
Analyst prior · editorial share 13% of the class6%
Pooled · weight 87%8%
Crowd — no liquid market
Reserve 3% · no extremizing (×1.0)8%
Published8%

The class rate is measured from our dated, sourced event library (decade-normalized Poisson — the full table is public at base_rates.json). The variant’s share within its class is the analyst’s editorial call, published so you can audit it. A wider range means thinner precedent. Full recipe: methodology · scored at Reality Check.

The butterfly cascade

How this trigger trickles across markets, left → right — the root shock, its first‑order moves, then the ripple effects. Drag any node; tap a market for its real price history.

Resolution timeline — how this probability is moving

Our model's odds (gold) over time vs the crowd's (Polymarket, blue), from the past toward the 1–3 years horizon. Each dot is a real macro event that nudged the probability — green pushed it up, red pushed it down. Tap a dot for the source. The gold path is an illustrative reconstruction anchored to today's estimate — real dated events, not a live re-estimate history.

loading the timeline…

What it would mean

If this plays out, it is a risk-off shock. A global semiconductor and E&E downturn hits Malaysia's large electronics-export base, dragging growth and lifting trade- and SME-loan delinquencies at domestic banks. The trigger decomposes into signed root‑shocks — Recession signal ▲ · Risk appetite ▼ · Semiconductor supply risk ▲ · Trade tension ▲ — which propagate through our causal graph to the markets below.

If it happens — the markets it would move

Biggest moves first. Projected moves are cascade-model priors; hist A–B% = what comparable past events actually did (measured abnormal returns), and model prior · unmeasured marks markets with no analogue backing yet. Tap any market for its price history.

MarketClassProjected move
1TSMC TSMon Hyperliquid 📈 chartEquity▼ -2.0%
hist -1.23–-0.74% · other way +1.64% (n=12)
2Nvidia NVDAon Hyperliquid 📈 chartEquity▼ -1.8%
hist -0.96–-0.53% · other way +4.13% (n=12)
3Nasdaq 100 NDXon Hyperliquid 📈 chartIndex▼ -1.7%
hist -1.28–-0.32% · other way -0.05% (n=12)
4Semiconductors SMHon Hyperliquid 📈 chartEquity▼ -1.7%
hist -0.96–-0.27% · other way +1.4% (n=12)
5ASML ASMLon Hyperliquid 📈 chartEquity▼ -1.3%
hist -3.6–+0.95% · other way -0.91% (n=12)
6Solana SOLon Hyperliquid 📈 chartCrypto▼ -1.1%
hist -11.43–+2.06% · other way -17.76% (n=11)
7MicroStrategy MSTRon Hyperliquid 📈 chartEquity▼ -1.1%
hist -0.94–+0.14% · other way +8.12% (n=12)
8Tech sector XLK 📈 chartEquity▼ -1.1%
hist -0.71–-0.38% · other way +0.37% (n=12)
9AMD AMDon Hyperliquid 📈 chartEquity▼ -1.1%
hist -1.15–+0.73% · other way -2.72% (n=12)
10Broadcom AVGOon Hyperliquid 📈 chartEquity▼ -1.1%
hist -1.03–+1.73% · other way +5.76% (n=12)
11Micron MUon Hyperliquid 📈 chartEquity▼ -1.1%
hist -2.53–+0.35% · other way -1.7% (n=12)
12Marvell MRVLon Hyperliquid 📈 chartEquity▼ -1.1%
hist -0.59–-0.28% · other way -0.28% (n=12)
13Hyperliquid (HYPE) HYPEon HyperliquidCrypto▼ -0.9%
model prior · unmeasured
14Ether ETHon Hyperliquid 📈 chartCrypto▼ -0.8%
hist -10.82–+1.23% · other way -0.19% (n=11)

Probable recommendation

If the scenario above plays out, the probable cross‑asset positioning → a scenario‑conditional read, not personalized investment advice
Cash / hedgeRaise cash and hold the long hedges above; this scenario is net risk-off.
For a common-man portfolio: A typical stock-heavy portfolio is at risk. Consider trimming equities, raising cash, and a small cash hedge.
Also moves (not yet on Hyperliquid): Tech sector -1.1% · Chinese yuan -0.5% · Financials -0.4% · High-yield credit -0.5% · Aussie dollar -0.3% · JPMorgan -0.2%

Historical precedent — what analogous events actually did

Across 40 analogous events (overlap‑weighted), as abnormal returns — market beta stripped, so it's the event's own effect, not the market backdrop. Shown at 20 days (persistent) and 5 days (immediate); ↺ fades = the two horizons disagree. Confidence = consistency × sample × significance.

China retaliates to Liberation Day: 34% tariffs + rare-earth controls 2025-04 Gold tops $3,000 for the first time amid tariff and rate-cut fears 2025-03 TSMC slumps as DeepSeek roils AI-chip demand assumptions 2025-02 Micron's weak FQ2 guidance sparks a sharp December selloff 2024-12 ASML bookings-miss crash 2024-10 Megacap AI-capex doubt selloff 2024-07 Trump 'Taiwan should pay for defense' chip selloff 2024-07 Netflix subscriber-loss crash 2022-04 Meta 2022-02 Didi removed from China app stores after NYSE IPO 2021-07 Chinese yuan breaks 7 per dollar; US names China manipulator 2019-08 Nvidia crypto-glut guidance crash 2018-11 Mexican peso crash on Trump 2016 win 2016-11 August 24, 2015 ETF flash crash 2015-08 Greece first EU/IMF bailout 2010-05 Smoot-Hawley clears the US House 1929-05 Record $19bn crypto liquidation cascade 2025-10 Gold tops $4,000 and silver spikes past $50 in historic squeeze 2025-10 US-China extend tariff truce by another 90 days 2025-08 Trump's 50% copper tariff sends Comex copper to a record 2025-07 Israel strikes Iran — Operation Rising Lion 2025-06 US and China agree Geneva tariff truce, slashing rates 2025-05 Tariff-pause record rally and VIX collapse 2025-04 Trump signs 25% Section 232 tariff on imported automobiles 2025-03 Tesla shares crater on DOGE political backlash and Europe sales collapse 2025-03 October 2024 Iranian ballistic-missile attack on Israel 2024-10 Gold tops $2,500 for the first time on Fed rate-cut bets 2024-08 Nikkei 225 record single-day rebound 2024-08 Nikkei 225 worst single-day crash since 1987 2024-08 KOSPI biggest-ever point loss triggers circuit breaker 2024-08 VIX third-highest spike on record 2024-08 Report of a Blackwell design flaw signals a multi-month delay 2024-08 Weak July 2024 jobs report triggers Sahm-rule growth scare 2024-08 Intel's Q2 earnings trigger its worst single-day crash since 1974 2024-08 India slashes gold import duty from 15% to 6% in 2024 budget 2024-07 India's Modi loses single-party majority 2024-06 Mexico's Sheinbaum landslide + supermajority scare 2024-06 Nikkei 225 surpasses its 1989 bubble peak 2024-02 ARM debuts on Nasdaq with a 25% first-day pop 2023-09 China imposes gallium and germanium export controls 2023-07
AssetHistory saysAbnormal (20d · 5d)HitnConfidencevs cascade
ETH ETHSHORT-8.6% · 5d -6.3%75%36 0.40✓ matches cascade
Gold XAULONG+1.4% · 5d -0.2% ↺ fades69%39 0.33·
KWEB KWEBSHORT-2.8% · 5d -1.1%69%38 0.31✓ matches cascade
INTC INTCSHORT-5.9% · 5d -4.0%65%39 0.30✓ matches cascade
SOL SOLSHORT-9.4% · 5d -6.7%70%34 0.28✓ matches cascade
JPM JPMLONG+2.4% · 5d +0.8%67%39 0.26⚠ differs
COIN COINSHORT-2.6% · 5d +0.0% ↺ fades64%34 0.25✓ matches cascade
FCX FCXSHORT-1.6% · 5d -1.9%65%39 0.25✓ matches cascade
XLF XLFLONG+1.0% · 5d +0.5%63%39 0.23⚠ differs
TRY TRYSHORT-1.0% · 5d +0.9% ↺ fades65%39 0.22✓ matches cascade
XCU XCUSHORT-0.7% · 5d -0.8%63%39 0.22✓ matches cascade
NDX NDXSHORT-0.5% · 5d -1.3%65%39 0.21✓ matches cascade
AVGO AVGOLONG+2.0% · 5d -1.7% ↺ fades62%39 0.21⚠ differs
MU MUSHORT-1.8% · 5d -2.7%62%39 0.18✓ matches cascade

Methodology. Probability and impact are anchored to history and scored against what actually happens — wins and losses, in public, at Reality Check. Crowd odds live from Polymarket & Kalshi. By Vikas Singh, Quantitative Strategist. Updated 2026-07-03.