🔴 Asia Semiconductor ETF (3119.HK) is trading 3% down on September 2, 2026 as yields pressure chips

3119.HK is trading with Price down 3% and % Change negative as renewed U.S.-Iran tensions push oil higher and intensify inflation concerns.

• Japan’s 10-year yield reached 3%, pressuring high-growth technology valuations and encouraging broader risk reduction.
• The decline appears sector-wide, with major holdings such as SK hynix, Samsung Electronics, MediaTek, and TSMC making the ETF sensitive to regional semiconductor weakness.