🔴 Semiconductor Inverse ETF (SOXS) is trading 11.43% up as September CPI revives higher-for-longer rate concerns

SOXS is trading at $46.65, up +11.43%, as hotter-than-expected September CPI renewed higher-for-longer rate concerns, pressuring technology stocks and semiconductor valuations.

• A global chip and AI-stock selloff deepened in Asia on October 15. The KOSPI fell about 8%, while Samsung and SK Hynix dropped sharply.
• Supplied data show SOXS posted consecutive large gains on October 14 and October 15.