CHPX is trading at $104.00, down 2.2%, as broader tech sentiment softens following a UK regulatory proposal targeting major mobile platforms.
- The UK Competition and Markets Authority (CMA) is proposing new rules for Apple and Google’s in-app payment commissions, pressuring growth-oriented tech and AI-linked ETFs.
- The pullback follows a recent run-up for the fund, which has been driven by significant investor enthusiasm for AI and quantum semiconductor themes.
- Broader pre-market weakness in the technology sector is contributing to the downward pressure on the instrument.