🔴 Inverse Semiconductor ETF (SOXS) is trading 5.57% down in pre-market as chip stocks gain on ASML-TSMC

SOXS is trading at $43.76, with a -5.57% change, as semiconductor shares strengthen overnight.

• Asian chip stocks are supported by the ASML-TSMC initiative to develop larger-format photomasks and advance High-NA EUV technology.
• The broader market is mixed, while Nasdaq futures remain relatively resilient as chip sentiment improves.
• Oil near $97 and a stronger yen are limiting risk appetite, but have less influence than the sector-specific semiconductor rally.