🔴 Technology ETF (USD) is trading 4.77% down in pre-market as above-forecast CPI revives rate-hike fears

USD is trading at $80.54, down 4.77%, as hotter-than-forecast September CPI revived Fed rate-hike concerns and weighed on rate-sensitive technology shares.

• September CPI was 3.7% year over year, above the 3.6% forecast.
• The Philadelphia Semiconductor Index fell 4.30%, with major chipmakers broadly lower.
• Overnight Asian equity losses and Nasdaq futures down about 1.1% reinforced risk-off sentiment; U.S. PPI and Retail Sales are due at 08:30.