🔴 Trading--Inverse Equity ETF (SOXS.MX) is trading 5.7% down as chip stocks rebound

SOXS.MX is trading at MXN 860.60, down 5.67%, as chip stocks rebound, weighing on the inverse semiconductor ETF.

• The supplied sector context shows SOXX up 3.36%.
• On October 19, investors bought battered chip shares, supported by lower Treasury yields and analyst upgrades, including JPMorgan’s Intel upgrade.
• The rebound followed an eight-day semiconductor losing streak and contrasts with SOXS’s substantial recent climb.