🔴 Tech ETF (IYW) is trading 1.75% down in pre-market amid semiconductor weakness

IYW is trading at $262.12, down -1.75%, as semiconductor weakness weighs on tech.

• Investors are concerned about Chinese memory-chip competition and returns on AI investment.
• South Korea’s KOSPI fell sharply as chip stocks sold off; Nasdaq futures were down 0.58%, pressuring growth and technology shares.
• The September CPI report is due Wednesday. Tuesday’s scheduled U.S. data comes later in the session.