XUCD.DE is trading at €86.98 (-3.11%) following a sharp US selloff led by AI and technology stocks that weighed heavily on consumer discretionary shares.
- Major fund holdings Tesla (17.55% weight) and Amazon (31.32% weight) dropped 10.77% and 2.19% respectively, adding significant downward pressure.
- Broader market sentiment turned risk-off as the Nasdaq fell 5.5% amid election-related uncertainty regarding data-center restrictions and technology valuations.