CHPS is trading at $80.00, down 3.19%, as September CPI exceeded forecasts, reviving higher-for-longer rate concerns and weighing on growth stocks.
- The tech-led U.S. selloff spread to Asia, where semiconductor shares plunged; Nasdaq futures were down 1.11%.
- Chip-sector weakness was the most direct pressure, alongside broader rate-sensitive technology selling.
- U.S. PPI and Retail Sales are due at 08:30, adding potential rate and market volatility.