🔴 PSI is trading 2.15% down in pre-market amid Chinese competition and rate concerns

PSI is trading 2.15% lower at $131.72 in pre-market as semiconductor shares face pressure from concerns about Chinese competition and renewed rate concerns.

• The ETF tracks U.S. semiconductor companies; hotter-than-expected U.S. inflation has revived rate concerns.
• PSI declined 5.18% to $134.61 on October 14; no PSI-specific catalyst was found.