🔴 Memory Chips ETF (QBIT.SW) is trading 3.52% down after hotter-than-expected August PPI

QBIT.SW is trading at CHF 19.51, down -3.52% on September 10, 2026, as memory-chip shares sold off sharply after hotter-than-expected August PPI.

• SK Hynix declined about 5%, while Micron and Western Digital fell roughly 3%; coverage linked the weakness to rising Treasury yields and oil above $100.
• Renewed Federal Reserve rate-hike concerns and escalating U.S.-Iran tensions lifted energy prices and weakened risk appetite, while technology stocks underperformed the broader market.