CHIP ROUTE HITS ASIA
The semiconductor selloff is spreading, with investors pulling back from one of 2026’s hottest trades.
ASIA TAKES A HIT
• MSCI Asia Pacific fell 2%
• South Korea dropped 5.5%
• Samsung and SK Hynix fell more than 7%
• Japan’s Topix slipped 2.7%
• Kioxia plunged 9% in Tokyo
AI TRADE UNDER PRESSURE
Higher bond yields are making investors more cautious about expensive technology stocks. The AI growth story remains intact, but investors are becoming less willing to pay premium prices for growth.
BONDS FINALLY STABILIZE
After a major global bond selloff, 10-year US Treasury yields eased to 4.69%. The 30-year yield held around 5.29%.
OIL KEEPS CLIMBING
Brent moved above $91 a barrel as tensions in the Middle East showed no signs of easing. Higher oil prices are adding to inflation worries and market pressure.
AI BETS AREN’T DEAD YET
China’s Unitree Robotics jumped 629% in its Shanghai debut after raising $904 million in its IPO, highlighting continued investor appetite for AI and robotics.
CORPORATE WATCH
• Anthropic’s credit facility is expected to rise above $10 billion ahead of a potential IPO
• Baidu shares fell after revenue declined for a fifth straight quarter
• Xiaomi gained as smartphone revenue beat expectations
THE BIG MARKET QUESTION
High yields, rising oil prices and geopolitical tensions are creating a tougher environment for growth stocks.
Is this just a correction after a blistering chip rally, or a bigger warning for the AI trade?