SOXS.L is trading 17.7% up today as the semiconductor sector weakens, lifting inverse chip ETFs amid renewed market volatility.
- Global semiconductor sentiment has soured following a sharp slump in SK Hynix shares in Seoul and lower Nasdaq-100 futures overnight.
- Traders are reacting to growing concerns regarding AI overinvestment and broader softness across the global chip market.
- The move reflects a significant shift in positioning as investors hedge against continued pressure on major technology and hardware stocks.