🔴 Tech ETF (CHAT) is trading 1.5% down in pre-market as China memory-chip concerns pressure tech shares

CHAT is trading at $87.82, down 1.51%, as semiconductor weakness linked to Chinese memory-chip competition concerns pressured technology shares ahead of the U.S. session.

• Chipmakers extended losses: Applied Materials fell 6.7% and the DRAM index dropped 3.44%.
• Investors were cautious ahead of September CPI; markets are watching inflation for Fed rate clues, while U.S. futures fell in pre-market trading.
• ASML’s stronger sales outlook partly offset broader pressure on chip shares.