Movement Alert|Roundhill Memory ETF Falls 5.55% in Pre-Market Trading, Global Memory Chip Sector Hit by Rising Rate Hike Expectations and Oil Price Surge

Market Focus
Yesterday

On September 14, Roundhill Memory ETF fell 5.55% in pre-market trading, trading at 55.58 USD/share, with turnover of 4.1911 million USD.

On the news front, surging oil prices and rising U.S. Treasury yields have sharply elevated expectations for a Federal Reserve rate hike, with U.S. equities posting a third consecutive session of losses and the memory chip sector bearing the brunt of selling pressure. Brent crude topped $105 per barrel, while the 30-year U.S. Treasury yield climbed to its highest level since 2007. Market pricing now implies a 70% probability of a Fed rate hike next week. The Philadelphia Semiconductor Index plunged 5.44% in a single session, with SK Hynix falling over 5%, SanDisk and Seagate declining more than 3%. Compounding the pressure, Kioxia CEO previously stated that memory prices have risen enough and instructed teams not to aggressively raise quotes for data center clients, dampening sentiment across the sector. Korean equities opened sharply lower, with the KOSPI index falling over 3%, as memory giants led the decline.

Roundhill Memory ETF is a thematic ETF tracking the global memory chip industry chain.

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