XSD is trading at $538.40, down 1.99% from the August 17 close in pre-market following a broader technology selloff tied to higher government bond yields.
- Nasdaq futures are down 1.15%, while heavyweight growth stocks including Nvidia are under pressure as yields reduce the present value of future technology profits and raise borrowing costs.
- The U.S.-Iran truce expired, lifting oil prices and global yields; Asia-Pacific equities also weakened, reinforcing the risk-off move.