RCKT.AX is trading at A$9.28 (-7.94%) versus its prior close of A$10.08, as a global technology and semiconductor rout pressures growth-oriented themes and extends a week-long decline in space equities.
- Investors are reassessing rich AI and chip-sector valuations, leading to a broader selloff that is impacting satellite and space-related growth stocks.
- Rising interest rate concerns and hawkish Fed-related commentary are further weighing on the ETF as sentiment shifts away from high-duration tech assets.