🔴 Quantum Computing ETF (QWTM.L) is trading 3.6% down after hot September CPI renewed rate-hike concerns

QWTM.L is trading at £2486.50, down -3.59%, as September CPI came in at 3.7% year over year versus 3.6% expected, renewing rate-hike concerns and pressuring growth-sensitive technology shares.

• Quantum- and AI-linked stocks sold off amid higher-borrowing-cost concerns.
• The broader U.S. market later rebounded, but QWTM.L closed down.
• IonQ’s equity offering raised dilution concerns, but IonQ, Rigetti and D-Wave reportedly rebounded, so it is not a clear standalone explanation for the ETF’s decline.