🟢 Semiconductor Bear ETF (SOXS) is trading 4.84% up as Trump rejects Iran’s proposal, lifting crude

SOXS is trading at $34.00, up +4.84%, after Trump rejected Iran’s proposal to reopen the Strait of Hormuz, lifting crude and reviving inflation concerns.

• Reuters reported Nasdaq-100 futures down 0.98% and crude near $108 a barrel in early trading.
• SOXS seeks inverse exposure to semiconductor stocks, pressured by risk aversion.
• The reversal followed Friday’s optimism about a possible deal; SOXS was reported up 6.8% premarket.