Core Viewpoint - The continuous rise in 30-year U.S. Treasury yields is impacting dollar credit and enhancing risks in global dollar liquidity, leading to increased trading in safe-haven assets and pressure on risk assets [1] Group 1: Market Dynamics - Emerging market equity assets are entering a phase of chip digestion, characterized by high selling and low buying [1] - There is a phase shift in funds towards low-growth events and left-side trading elasticity in consumer sectors [1] Group 2: Investment Opportunities - Potential short-term elasticity may be observed in sectors such as solid-state batteries, media, gaming, and travel [1]