Arkea AM flags SOX entering bear market as chip stocks slide 20% from peak

• Arkea Asset Management flagged a global risk-off week as semiconductors slid into a bear market, down 20% from the peak.
• Nasdaq fell 4.13% for the week, dragging Nikkei down 6.44% and MSCI Emerging down 4.1%; EuroStoxx 50 lost 0.62%.
• Oil jumped about 15.5% on Iran-US escalation, Ormuz and Red Sea risks; WTI topped 81, Brent neared 90.
• US core CPI was flat m/m; PPI fell 0.3% m/m, while import prices rose 0.3% led by semiconductors up 31% y/y.
• 10-year Treasury held near 4.55%; Bund rose to 3.13%, OAT to 3.93%; EUR/USD at 1.14, USD/JPY at 162.4.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Arkea Asset Management SA published the original content used to generate this news brief on July 21, 2026, and is solely responsible for the information contained therein.