🔴 Tech ETF (SOXQ) is trading 1.5% down in after-hours trading as inflation revives rate concerns

SOXQ is trading at $90.50, down 1.58%, as September inflation revived higher-for-longer rate concerns and pressured growth stocks.

• September CPI rose 3.7% year over year and 0.6% month over month.
• Semiconductor shares faced competition concerns after reported progress by China’s CXMT in advanced memory chips.
• The broader selloff included a 2.89% Nasdaq decline. TSMC’s scheduled October 15 earnings are a key sector focus, not a confirmed after-hours result.