🔴 Asia Semiconductor ETF (3119.HK) is trading 3.14% down today as higher yields pressure tech valuations

3119.HK is trading at HK$179.00, down 3.14% on August 18, 2026, as the prior session’s chip rally reversed in a risk-off move.

• Strait of Hormuz tensions, elevated oil prices and sharply higher government-bond yields pressured Asian technology valuations.
• Japan’s weaker-than-expected second-quarter GDP reinforced concerns about regional growth.
• AI-spending optimism and positive memory-chip sentiment that supported the previous semiconductor rally faded today.