🔴 SMHX is trading 3.85% down amid rate concerns after hotter U.S. inflation

SMHX is trading 3.85% lower at $54.92 as hotter-than-expected U.S. inflation revived interest-rate concerns and pressured semiconductor stocks.

• At its October 14 close, the ETF was down 4.86% at $56.75.
• Reuters reported semiconductor shares extended losses as higher-rate expectations pressured AI-sensitive stocks; Asian chipmakers also fell sharply on October 15.
• ASML’s strong results and raised forecast do not appear to explain the decline.