Asia chip stocks fall as Warsh revives rate-hike fears, oil adds risk-off pressure

Asia chip stocks and emerging-market equities declined as investors reacted to hawkish comments from Federal Reserve Chair Kevin Warsh. These remarks revived fears of potential US interest rate hikes, triggering a risk-off sentiment across global markets. Additionally, emerging-market currencies faced downward pressure as market participants weighed the prospect of higher borrowing costs. The combination of Warsh's influence and rising oil prices further contributed to the overall decline in these specific financial sectors.