LQQ.MI, a 2x leveraged Nasdaq-100 ETF, is trading around €9.10 (-4.89%), magnifying weakness in U.S. growth and technology stocks.
- The drop follows a sharp global tech and semiconductor selloff, driven by concerns over AI-infrastructure spending, high sector valuations, and hawkish interest rate expectations.
- Escalating U.S.-Iran tensions are further weighing on sentiment, pushing oil prices higher and worsening the risk-off environment for global equities.