🔴 Magnificent 7+ ETF (HUGE.AX) is trading 3.7% down after September US CPI topped forecasts

HUGE.AX is trading at A$13.57, down -3.69%, as September US inflation exceeded forecasts, reviving rate concerns.

• September US CPI rose 3.7% year over year, above the 3.6% forecast, renewing expectations of higher-for-longer rates and putting pressure on growth stocks.
• AI and chip shares weakened amid worries about financing costs for debt-heavy infrastructure projects; Nvidia fell about 2% Thursday. The broader US session later rebounded, but technology remained under pressure.