Asian stocks dropped as a semiconductor selloff deepened, with investors retreating from one of the year’s hottest trades amid elevated bond yields and geopolitical uncertainty. Treasuries stabilized following recent losses. MSCI’s Asia Pacific equities benchmark slid 2%, with South Korean shares dropping 5.5%. Chip bellwethers Samsung Electronics Co. and SK Hynix Inc. both declined over 7%, tracking a semiconductor selloff on Wall Street. Kioxia Holdings Corp. plunged 9% in Tokyo. Treasuries steadied following a global bond selloff that had pushed 10-year US yields close to their highest levels since early 2025 and 30-year yields to levels last seen in 2007. The yield on 10-year Treasuries declined one basis point to 4.69%, while bonds rose in Australia and New Zealand. Elsewhere, oil climbed for a fourth day, with no sign of progress toward resolving the US-Iran war after almost six months of conflict. Brent traded above $91 a barrel after gaining 4.5% over the previous three sessions. Technology stocks, seen as a long-term growth bet, came under pressure as bond yields hovered near multi-decade highs amid persistent inflation, heavy government spending and a flood of debt issuance. Geopolitical turmoil added to the strain by raising the risk of energy-driven supply shocks that could keep inflation and borrowing costs elevated for longer. The chip sector remained in focus after the Philadelphia Semiconductor Index slid 5% on Tuesday, its biggest drop since late July. An Asian gauge of chip-related stocks retreated 3.1%, with Taiwan Semiconductor Manufacturing Co. and Renesas Electronics Corp. among the decliners. The threat of higher borrowing costs is adding to market worries amid ongoing uncertainty over the Iran war. While the long-term AI growth story is still intact, “higher rates and geopolitical risk are making investors less willing to pay a premium for that growth,” said Jung In Yun, chief executive officer at Fibonacci Asset Management Global. In other corners of the market, Unitree Robotics shares rose 629% in its Shanghai trading debut after raising 6.1 billion yuan ($904 million) in an initial public offering that will make it the first publicly traded humanoid robot maker in mainland China. The Canadian dollar strengthened after the Trump administration agreed to delay 50% tariffs on billions of dollars of Canadian products for three days following high-stakes negotiations in Washington. Gold steadied around $4,340 an ounce after its biggest drop in almost a month, as a bond selloff and deadlock over the Strait of Hormuz clouded the outlook for the precious metal. The US 30-year yield was little changed at 5.29%, after climbing as high as 5.34% in the prior session. US After Hours KEYS +2.7% higher on earnings; LZB -16.3%, MRCY -10.5% lower on earnings; WYFI -20.5% on $250 mln convertible notes private placement.
Nikkei -2.53% Hang Seng +0.12% CSI -2.41% Kospi -5.61% Shanghai -1.96% Shenzen -3.86%
Eur$ 1.1582 CNH 6.7427 CNY 6.7411 JPY 159.42 GBP 1.3538 CHF 0.8116 RUB 84.9249 TRY 47.9350 WTI$ 85.55 +0.75% Gold 4,356 -0.18% BTC 64,292 -0.40% ETH 1,911 -0.04%
S&P -0.10% Nasdaq -0.20% EuroStoxx -0.12% FTSE -0.07% Dax -0.17% SMI
Macro :
- Bank of America Calls New Zealand Dollar an El Niño Hedge
- AI Valuations Face Threat From Equity Costs Not Debt: Macro View
- AI Valuations Face Threat From Equity Costs Not Debt: Macro View
- Late Billionaire’s Heirs Claim Venezuela Seized Oil Assets
- Trump Is Interviewing Potential Nominees for FDA Commissioner
- SEC Proposes Rules to Create Regime for Some Crypto Contracts
- *BROCKMAN: TEMPORARILY SLOWED SCALING OF FRONTIER TRAINING
Keep an eye on :
Keep an eye on :
- AMBEA SS : Ambea 2Q Net Sales Beat Estimates
- ALFEN NA : Alfen 1H Adjusted Ebitda Beats Estimates
- ADI US : Analog Devices 3Q Rev. Seen Up 36% on AI Demand: Preview
- Anthropic IPO : Anthropic Pre-IPO Credit Facility Set to Climb Past $10 Billion
- ASRNL NA : ASR Nederland 1H Operating Profit Beats Estimates
- AUR US : Uber Said to Sell Part of Aurora Innovation Stake in Block Trade
- BLZE US : Backblaze Is Said to Offer Up to 0.5% Coupon on Convertible Bond
- 4413 JP : Baudroie to Undergo Bain-Backed MBO at 2,970 Yen/Share
- BEWI NO : BEWI 2Q Sales Beat Estimates
- BIDU US : Baidu Shares Drop on Higher Capex, Slower AI Growth: Street Wrap
- BICO SS : BICO 2Q Sales Under Estimates
- BX US ; Canadian pension giant turns to Blackstone, KKR to seal infrastructure megadeals
- BOUV NO : Bouvet Reports 2Q Revenue of NOK 975 Million, Compared With FactSet Estimates of NOK 983 Million
- BCHN SW : Burckhardt to Restructure Business, Says Up to 220 Jobs at Risk
- Campfire IPO : Campfire Got Offers to Invest at $1B Valuation: Information
- CCC US : Car-Seller Copart Said to Be Among Suitors for Software Firm CCC
- CVNA US : Walter Probe Weighs on Carvana as Traders Suspect Share Sale
- DOXM SW : DocMorris 1H Adjusted Ebitda Loss CHF10.9M
- DOV US : Dover to Buy Leistung Engineering PVT
- EMMN SW : Emmi Narrows FY Organic Sales Forecast
- EL US : Estee Lauder’s Adj. Profit to Triple From Year Ago: Preview
- GEBN SW : Geberit 2Q Ebitda Beats Estimates
- INGA NA : ING Cuts TTB Stake to 11.6%, Raises ~€475m
- 2371 JP : Kakaku.com Shareholder Oasis Rejects EQT Offer Below ¥3,640/Shr
- ILMN US : Defense Tech Firm Lyntris, Backers Raise $297.5 Million in IPO
- IMPN SW : Implenia 1H Sales Beat Estimates
- 373220 KS : South Korea’s LG Energy in Talks With US for Drone Batteries
- LSG NO : Leroy 2Q Operational Ebit Misses Estimates
- LLBN SW : Liechtensteinische LB 1H Net Income CHF105M Vs. CHF91.0M Y/y
- LHA GY : Lufthansa Could Rejoin DAX After Six-Year Absence, JPMorgan Says
- LHA GY : Lufthansa Could Rejoin DAX After Six-Year Absence, JPMorgan Says
- HLUNB DC : Lundbeck 2Q Net Income Beats Estimates
- MANTA FH : Altor’s Mandatum Share Sale Is Said to Draw Over 50 Investors
- MANTA FH : Altor’s Mandatum Share Sale Is Said to Draw Over 50 Investors
- META US : ICE Bars Its Workers From Wearing Meta’s Smart Glasses on the Job
- NEM US : StrikePoint to Buy Northumberland Gold Project From Newmont
- PONY US : Pony AI Drops as CEO Warns of Uncertainty for Robotaxi Business
- KSC US : Rail Regulator Resumes Review of Union Pacific Bid for Rival
- NOVN SW : Novartis Granted FDA Orphan Drug Status for Iptacopan
- NVDA US : Elon Musk Warns Nvidia-Backed $105 Billion Ohio Data Center for OpenAI Will Take ‘Much Longer’ to Come Online Than Expected
- PPC US : JBS to Buy Pilgrim’s Pride Minority Shares at 2.086x Stock Ratio (+8.5% in After Hours)
- SENS SW : Sensirion FY Revenue Forecast Misses Estimates
- SLB US : Venezuela Signs Deals With SLB, Hunt in Push to Boost Oil Output
- 9984 JP : SoftBank Shares Slide After Report on Retail Bond Issuance Plan
- TGS NO : TGS Awarded Streamer Contract in the Mediterranean
- UBER US : Uber Said to Sell Part of Aurora Innovation Stake in Block Trade
- UBSG SW : Credit Suisse High Yield Credit Fund Approves Reverse Shr Split
- 688836 CG : Unitree : Unitree Robotics Surges 629% After $904 Million Shanghai IPO
- UGI US : UGI Rises on Report of KKR’s Takeover Offer for $9 Billion (1)
- VOW GY : Volkswagen willing to cede majority control in India unit to local partner: Skoda Auto CEO Klaus Zellmer
- WYFI US : WhiteFiber Is Said to Offer Up to 5% Coupon on Convertible Bond