Equities: Stagflation hit and chip-sector divergence – Deutsche Bank
The post Equities: Stagflation hit and chip-sector divergence – Deutsche Bank appeared on BitcoinEthereumNews.com. Deutsche Bank strategists report that United States (US) equities weakened under a stagflationary backdrop. The S&P 500 fell with broad-based losses, while the Philly semiconductor index outperformed strongly. SK Hynix’s US ADR offering was heavily oversubscribed, and China may allow some domestic AI firms to buy Nvidia H200 chips, supporting chip stocks even as most S&P 500 industry groups declined. Broad losses, semis outperform “Given the stagflationary backdrop, this meant equities took a big hit on both sides of the Atlantic. So the S&P 500 fell -0.28%, with a broad-based decline that saw 78% of the index lose ground. Once again, the move in chip stocks was against the overall market as the Philly semiconductor index (+2.23%) outperformed.” “The outperformance was bolstered by two large news stories. First, SK Hynix’s US offering was more than seven times oversubscrib