INDYFINANCE
2026-09-24 UTC
 
MARKET REPORTBEARISH

Chinese Tech and Chip Stocks Slide as U.S. Treasury Yields Surge

Rising U.S. yields drove a selloff in Chinese technology and semiconductor names even as Korea moved forward with a $22 billion Texas gas plant tied to its tariff pledge to Washington.

Rates & BondsUnited StatesAsiaUS10Y
Executive takeaway

Chinese tech and chip stocks fell as surging U.S. Treasury yields pulled capital away from higher-risk Asian equities.

Newsroom graphic
Chinese tech slides as U.S. yields climb. U.S. 10-year Treasury yields have pushed higher even as Chinese tech and chip shares have fallen, illustrating the capital-flow dynamic described in the story.

Chinese tech slides as U.S. yields climb

U.S. 10-year Treasury yields have pushed higher even as Chinese tech and chip shares have fallen, illustrating the capital-flow dynamic described in the story.

Live market prices for U.S. 10-year Treasury yield (^TNX) and Chinese tech ETF (KWEB).

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<figure><a href="https://www.indy.finance/news/chinese-tech-and-chip-stocks-slide-as-u-s-treasury-yields-surge"><img src="https://www.indy.finance/news/chinese-tech-and-chip-stocks-slide-as-u-s-treasury-yields-surge/graphic.svg" alt="Chinese tech slides as U.S. yields climb" width="1200" height="675"></a><figcaption>Chinese tech slides as U.S. yields climb — <a href="https://www.indy.finance/news/chinese-tech-and-chip-stocks-slide-as-u-s-treasury-yields-surge">Indy Finance</a></figcaption></figure>
Chinese technology and semiconductor shares declined as U.S. Treasury yields climbed, according to Investing.com. Higher U.S. yields tend to make dollar-denominated assets more attractive relative to emerging-market equities, and Chinese tech names were among the hardest hit in the session. The selloff came against a backdrop of broader U.S.-Asia trade tension. Separately, South Korea selected a $22 billion Texas gas plant as the first concrete project under its pledged $350 billion in U.S. investment commitments to the Trump administration, a pledge that followed months of tariff threats. Hopes for a fresh Boeing aircraft deal tied to the ongoing U.S.-China summit were also fading, sources told Investing.com. It is unclear how much of the Chinese tech pressure is yield-driven versus tied to unresolved trade negotiations. A resolution on Boeing orders or a shift in the summit's tone could change the picture quickly.
What would change this view

The bearish framing would reverse if U.S. 10-year Treasury yields pull back from current levels or if the U.S.-China summit produces a concrete Boeing order or trade concession.

Wire sources cited

Produced automatically by the INDY NEWS Desk from the public wire sources cited above, and checked against them before publication. Market commentary, not investment advice.