SPCX.TO is trading approximately 3% lower as investors reduce exposure to high-beta, space-related, and growth themes following fresh geopolitical escalation.
- Renewed Middle East tensions and a jump in oil prices are driving a broader risk-off sentiment, weighing heavily on the space and growth complex.
- Market participants are showing increased caution ahead of the Federal Reserve’s FOMC statement, leading to a rotation out of speculative assets.
- Ongoing weakness in AI and semiconductor-linked assets is adding further downward pressure, dragging the ETF along with the broader technology sector.