🟢 iShares MSCI Global Semiconductors UCITS ETF USD Acc is trading 3.9% up today as semiconductor stocks rebound after Fed selloff

iShares MSCI Global Semiconductors UCITS ETF USD Acc is trading 3.9% up today, rebounding after a sharp tech selloff triggered by hawkish Federal Reserve guidance following the June 17 meeting.

• The recovery was driven by easing inflation fears and bargain-hunting in high-beta chip names as global semiconductor indices bounced back from the previous session's losses.
• The ETF, which tracks the MSCI ACWI IMI Semiconductors & Semiconductor Equipment index, moved in line with the broader sector rally during Thursday's trading session.