U.S. futures and Asian equities were mixed as technology shares lost momentum, with South Korea’s market falling more than 2% and the Nikkei 225 down about 0.7%, while A-shares, Taiwan stocks and Hong Kong stocks rose, lifting the Hang Seng Index and the Hang Seng China Enterprises Index to nearly two-week highs, according to Ming Pao.
Bloomberg reported that Nomura said market concerns over the rise of China’s memory chip makers could worsen industry supply-demand conditions, while position adjustments in leveraged semiconductor ETFs listed in South Korea triggered profit-taking, making them the main reasons behind the decline in chip stocks.
STOCKS | Nomura Cites China Memory Chip Concerns, ETF Rebalancing as Korea Chip Stocks Slide
2026-07-06 04:26:08
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