FTXL is trading 2.8% higher in pre-market as technology and semiconductor shares extend a rally driven by easing Middle East tensions and improved risk sentiment.
- The sector is gaining momentum after President Trump halted planned strikes on Iran, leading to lower oil prices and a shift toward risk-on assets.
- Sentiment remains bolstered by recent ISM manufacturing data that beat expectations, specifically boosting growth-oriented and AI-related chip names.
- Major tech stocks and futures are trending higher, indicating a broad recovery for the semiconductor sector following Monday's sharp advance.