CHPY is trading 1.55% up at $72.54 as semiconductor-focused assets join a broader risk-on session following softer-than-expected July PPI.
- U.S. stocks moved higher after July PPI was flat month over month, below the expected 0.2% increase, easing expectations for an imminent Federal Reserve rate hike.
- Reuters cited weaker oil and improved risk appetite.
- No CHPY-specific announcement or catalyst was identified in current coverage.