🔴 DRAM 2X ETF (RAM) is trading 6.09% down in pre-market as Asian semiconductor shares fall

RAM is trading at $13.59, down 6.09%, as memory-chip weakness pressures the ETF.

• On September 28, Asian semiconductor shares fell, including SK hynix (-4.8%) and Samsung (-4.6%); RAM targets twice the daily performance of the DRAM memory-stock ETF, whose major holdings include both companies.
• Broader risk sentiment is softer after Trump rejected Iran’s Strait of Hormuz proposal, lifting oil prices and weighing on stock futures; Micron was also down about 1.45% overnight.