China A-share storage-chip sector rose amid volatile trade; Jingsheng hit a 20% limit-up, Zhongjing Electronics locked at the daily limit, Shengke Nano and Lihexing climbed more than 10%, Alaide and Shengshi Technology also advanced.

Bank analyst Ipek Ozkardeskaya said SpaceX’s post-IPO surge signals the tech rally may be entering bubble territory. SpaceX closed Tuesday as the world’s fifth-largest company by market value after its $135 IPO price climbed about 50%. Ozkardeskaya noted SpaceX gave no profit guidance for the year and its space-infrastructure plans remain uncertain, and said the stock could be the clearest warning that current tech valuations are becoming unreasonable.

SpaceX(SPCX.O)跌幅迅速擴大至2%。