🔴 Tech ETF (SPRX) is trading 2% down in pre-market amid reports of intensified Chinese chip competition

SPRX is trading at $45.15, down 2.00%, as semiconductor shares faced pressure after reports of intensified Chinese competition.

• The reports followed a broad chip selloff on October 13.
• Investors positioned ahead of the September CPI report, while Nasdaq futures were slightly lower in pre-market trading.
• ASML’s raised 2026 sales outlook and strong AI-related demand offered a positive counter-signal but did not prevent the reported decline.