🔴 Global Memory Chips ETF (QBIT.SW) is trading 10.1% down after memory-chip stocks reversed their rally

QBIT.SW is trading at CHF 18.57, down 10.11%, as memory-chip stocks reversed their recent rally.

• The Philadelphia Semiconductor Index fell more than 5%, while SK Hynix and SanDisk dropped roughly 9%.
• Higher Treasury yields and renewed U.S.-Iran tensions pressured growth-oriented technology shares; the 30-year Treasury yield reached approximately 5.33%.
• Rising oil prices increased inflation concerns and encouraged profit-taking across the memory-chip sector.