Chip Selloff Extends to Asia as Samsung, SK Hynix Slump

Market Trends & Macro Environment - Asian technology leading stocks experienced sharp declines, tracking overnight losses from US peers [1][2] - MSCI Asia overall dropped by about 2%, marking its worst day in 3 weeks [3] - KOSPI fell by about 5%, with tech-heavy indices in Japan and Taiwan following the declines [3] - Hong Kong shares showed relative resilience with the HS Tech index down slightly less than 1%, though internet stocks still experienced weakness [4] - US 10-year Treasury yields reached their highest level in about 19 months before stabilizing, while bond yields in Japan, Australia, and New Zealand fell back [7] - The Japanese yen strengthened slightly, moving away from the 1.60% level against the US dollar [7] Industry Dynamics & Investment Opportunities - The tech sell-off was driven by higher oil prices, an elevated yield environment, and rising borrowing costs impacting CapEx spending by US hyperscalers [2] - Baidu shares dropped by about 12% following disappointing earnings, concerns over massive CapEx spending, and a slowdown in AI growth [5] - Unitree Robotics completed its IPO in Shanghai, raising about 900 million US dollars, with shares jumping as much as 630% at the open [5] - Unitree Robotics became the first publicly traded humanoid robotics company in China, playing a significant role in the US-China AI race [6]