AVGY.TO is trading approximately 4.3% lower today as a global semiconductor selloff and escalating Middle East tensions trigger a broader risk-off move across equity markets.
- Semiconductor and technology stocks are leading the market decline, disproportionately affecting high-beta tech-linked products like this Broadcom-focused income ETF.
- Surging oil prices have reignited inflation fears and concerns regarding Fed policy ahead of the upcoming FOMC statement.