🔴 Memory Chips ETF (QBIT.SW) is trading 3.78% down today as higher Treasury yields pressure tech valuations

QBIT.SW is trading at CHF 18.54, down 3.78%, amid continued pressure from higher Treasury yields, elevated oil prices, and renewed geopolitical risk.

• SK Hynix, Micron, and Western Digital led selling as rates and energy costs pressured rate-sensitive technology valuations despite constructive analyst views on memory demand.
• Micron’s September 14 recovery, reported up 9.9% premarket, suggests QBIT.SW’s move may partly reflect European-market timing, stale pricing, or currency effects rather than fresh sector-wide selling.