U.S. Semiconductor Stocks Plunge 9.97% Last Week as Risk-Off Sentiment Deepens

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According to Yonhapinfomax, the Philadelphia Semiconductor Index fell 9.97% last week (July 15-19), marking its worst weekly performance since April 2025 when the Trump administration announced major tariff increases. The sharp selloff triggered risk-off positioning in U.S. Treasury markets, with the 10-year yield declining 130 basis points to 4.55% on July 17, the first weekly drop in three weeks. Meanwhile, WTI crude oil surged 15.5% over the same period amid escalating U.S.-Iran military conflict, while U.S. gasoline prices rebounded to $3.992 per gallon on July 18, approaching the psychological $4.00 threshold. Investors are closely watching this week's earnings from Alphabet (July 22) for signals on AI investment trends.
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