🔴 Tech ETF (SPTE) is trading 2.65% down after hotter-than-expected U.S. inflation revived rate expectations

SPTE is trading at $47.15, down 2.65%, as hotter-than-expected U.S. inflation revived expectations of higher rates.

• The selloff began after October 14 CPI data and continued into October 15 trading.
• Semiconductor weakness and broader AI-trade concerns added pressure, with chip stocks falling in the U.S. and Asia.
• ASML’s upbeat demand outlook offered a counterpoint but has not offset sector-wide risk aversion.