A Sell-Off in Semiconductors Drags Wall Street Down, While Globally Rising Bond Yields and the Stagnant Iran Conflict Dry Up Risk Appetite – Oil Price Remains Above $90 – DAX Pulls Away After Its Record, Klarna Plummets Double Digits After a Revised Forecast, and Baidu Reports Its Fifth Consecutive Revenue Decline, While Haemonetics Shines With the Return of Key Customer CSL Plasma

USA & MACRO-ENVIRONMENT At Wall Street, the strongest sector this year is facing challenges A sell-off in chip stocks sends prices plummeting, with a widely watched semiconductor index declining by 4.5%. The S&P 500 is down 0.58%, and the tech-heavy Nasdaq 100 falls by 1.58%. The real driver lies in the bond market Long-term yields are currently at the epicenter of investor nerves—from inflation to the debt-funded AI boom. The yield on ten-year U.S. Treasuries is around 4.73%, close to the highest level since early 2025, while...