PWB is trading at $154.16 (-2.55%) as hotter-than-expected September CPI revived fears of higher rates, pressuring rate-sensitive growth and technology shares.
- Semiconductor and AI-linked stocks extended global losses as investors weighed funding costs, valuations and China competition.
- ASML’s stronger outlook signals resilient AI equipment demand, but has not offset broad selling pressure.
- PWB’s nearly half technology exposure makes sector weakness a substantial drag.