🔴 Asia Semiconductor ETF (3119.HK) is trading 3.04% down as rising yields pressure chip valuations

3119.HK is trading 3.04% down as rising Treasury and regional bond yields pressure high-growth technology valuations.

• Asian semiconductor shares extended the global chip selloff on August 19, 2026; the Philadelphia Semiconductor Index fell about 5%, while Samsung Electronics and SK hynix declined roughly 7%.
• The expired U.S.-Iran ceasefire memorandum, higher oil prices and inflation concerns intensified risk-off positioning.
• SK hynix, TSMC and Samsung Electronics represent a substantial portion of 3119.HK's holdings, making it especially sensitive.