🔴 Semiconductor ETF (LSMC.DE) is trading 4.2% down on October 16 as U.S. inflation revived rate concerns

LSMC.DE is trading at €109.42, down 4.20%, as hotter-than-expected U.S. inflation renewed concerns about higher rates and borrowing costs.

• September U.S. CPI rose 3.7% year over year, versus 3.6% expected, weighing on growth-sensitive technology stocks.
• Doubts about debt-financed AI infrastructure spending compounded the global chip selloff; Asian chipmakers SK Hynix and Samsung fell sharply.
• The move was sector-wide despite a late recovery in U.S. stocks.