🔴 Tech ETF (EUV) is trading 2.49% down in pre-market as hotter-than-expected CPI revives rate concerns

EUV is trading at $22.30, down 2.49%, as September CPI ran hotter than expected, reviving rate concerns and weighing on growth stocks. - September CPI was 3.7% year over year versus 3.6% expected. - Overnight, the tech-heavy KOSPI fell 8% and the Nikkei fell 4.8% as the global chip selloff deepened; TSMC was lower ahead of earnings. - In the supplied market context, US Nasdaq futures were down about 1.1%.