🟢 PSI is trading 1.85% up today as semiconductor sector pressure eases slightly

PSI is trading at $147.90 (+1.85%) in pre-market as the ETF attempts to recover from a sharp July 16 decline and an overnight selloff across the chip sector.

• The price action appears driven by sector rotation and global risk-off trading following TSMC’s capex update, rather than any company-specific catalysts.
• Market sentiment remains cautious due to ongoing valuation concerns, heavy AI-related capital expenditure plans, and broader weakness in the technology sector.