🔴 SOXS.L drops 3.5% as U.S. semiconductor stocks rebound on AI optimism despite key economic data releases

SOXS.L is trading at $0.73, down 3.46%, reflecting losses as U.S. semiconductor stocks rebound amid continued AI-related optimism.

• This product offers -4x inverse exposure to an index of the 30 largest U.S. semiconductor companies, meaning strength in sector ETFs like SOXX and broader chip benchmarks pressures the ETP.
• The move appears driven by renewed buying interest in the chip sector, occurring alongside key economic data releases including Initial Jobless Claims and Existing Home Sales.
• The leveraged nature of the instrument amplifies the impact of the current recovery in semiconductor benchmarks.