🔴 Technology ETF (LYTE) is trading 3.1% down in pre-market as Chinese chip competition pressures semiconductors

LYTE is trading at $22.75, down -3.11%, as semiconductor shares remain under pressure from concerns about Chinese chip competition.

• The sector has declined for six sessions, despite mixed pre-market trading.
• Investors awaited September CPI; economists expected annual inflation of 3.6%, up from 3.4% in August. A hotter reading could pressure technology shares.
• Broader futures were modestly higher, while ASML’s raised guidance supported AI-linked shares in Europe, so broad-market weakness alone does not explain LYTE’s drop.