🔴 Technology ETF (IITU.L) is trading 3.1% down after hotter-than-forecast CPI revived rate concerns

IITU.L is trading at £3918.00, down -3.12%, as hotter-than-forecast September CPI revived higher-for-longer rate concerns.

• September CPI rose 3.7% year over year, above the 3.6% forecast; those concerns weighed on growth and technology shares during the October 14 session.
• Technology weakness led the wider decline: the Nasdaq fell 1.9%, with AI and semiconductor shares under pressure. Asian chip stocks extended the selloff on October 15.