🔴 Memory Chip ETF (MU.TO) is trading 3.23% down as higher Treasury yields pressure tech stocks

MU.TO is trading at CA$45.88, down -3.23%, as rising Treasury yields and oil-price concerns weigh on risk-sensitive technology stocks.

• Micron reports fiscal Q4 earnings on September 30, leaving investors cautious ahead of a key test of AI-memory demand. Profit-taking after a strong rally and technology-sector weakness also contributed to the broader memory-chip decline.
• President Trump’s rejection of Iran’s proposal renewed oil-price and inflation concerns as Treasury yields climbed.
• U.S. indices opened lower amid geopolitical uncertainty and higher-for-longer rate concerns.