The global financial market has seen a double kill of stocks and bonds, with the 30-year US Treasury yield rising to 5.33%, reaching a new high since 2007. The South Korean KOSPI index closed down 5.8%, the Nikkei 225 index closed down 3.16%, and over 5000 A-shares fell, led by the AI industry chain sector. The Philadelphia Semiconductor Index of the US stock market fell nearly 5% in a single day, with Micron Technology, Western Digital, SanDisk Marvell、AMD、 Intel, Coherent, and Credo stock prices have experienced a correction. According to data from the US Treasury Department, overseas investors' holdings of US Treasury bonds decreased to $9.299 trillion in June, a decrease of $72 billion from May. Among them, Japan's holdings decreased to $1.116 trillion, with a monthly reduction of $26.4 billion; UK holdings have dropped to $939.9 billion. The US Treasury Department will issue $16 billion in 20-year US Treasury bonds at 1 a.m. (UTC+8) on Thursday.