🔴 Memory Chip ETF (MU.TO) is trading 3.95% down on October 15, 2026 as CPI fuels selloff

MU.TO is trading at CA$38.43, down 3.95%, as hotter-than-expected September CPI revived concerns about higher rates. - The inflation shock helped drive a global tech selloff, with Asian chip-heavy markets hit especially hard. - Memory shares also faced pressure from China’s CXMT, which reported progress on denser DRAM and plans for server-memory products, raising concerns about future competition and pricing. - Broader AI-investment and financing worries added to the sector’s weakness.