🔴 Memory Chips ETF (QBIT.SW) is trading 3.52% down today as higher Treasury yields pressure growth stocks

QBIT.SW is trading at CHF 19.51 (-3.52%) as memory-chip shares lead a technology selloff.

• SK Hynix fell about 5%, while Micron and Western Digital declined roughly 3%; the broader memory complex was weaker than the S&P 500, indicating sector-specific pressure.
• Higher Treasury yields following hotter August PPI are pressuring growth stocks, while Brent crude above $100 has revived inflation and rate-hike concerns.