🔴 Tech ETF (SOXQ) is trading 2.8% down in pre-market as Iran tensions lift oil prices

SOXQ is trading at $96.59 (-2.80%) as escalating Iran tensions lift oil prices and trigger broader risk aversion.

• Brent crude traded near $91, while the 30-year Treasury yield reached 5.321%, pressuring long-duration technology valuations.
• S&P 500 E-mini futures fell 0.3%, and Asian equities weakened, suggesting the decline reflects global risk sentiment alongside sector-specific semiconductor volatility.
• The catalyst is primarily macro and global, not a confirmed SOXQ constituent-specific announcement; the pre-market move reverses the August 17 AI-driven technology rally.