🔴 Asia Semiconductor ETF (3119.HK) is trading 5.01% down as CXMT’s denser DRAM design stokes competition fears

3119.HK is trading at HK$160.20, down 5.01%, as investors fear CXMT’s denser DRAM design could pressure memory-chip leaders.

• Samsung and SK Hynix were major contributors to the earlier selloff and together represent about 26.9% of the ETF’s reported holdings.
• Hotter-than-expected U.S. CPI revived higher-for-longer rate concerns, weighing on growth and technology shares; the wider semiconductor sector also remained under pressure.