🔴 Memory-chip ETF (QBIT.SW) is trading 3.5% down as rising yields weigh ahead of FOMC minutes

QBIT.SW is trading at CHF 20.25, down 3.50%, as rising Treasury yields and oil, plus caution ahead of the 2:00 p.m. FOMC minutes, weigh on risk assets and growth stocks.

• The S&P 500 and Nasdaq are also lower, with weaker chip shares adding sector-specific pressure.
• Ahead of Samsung’s October 8 earnings, Micron and SanDisk fell 1.73% and 2.56%, respectively, on October 7.
• Slowing memory-price gains have raised questions about margins and the durability of the cycle.