FTXL is trading 5.7% higher as semiconductor stocks extend a rally fueled by easing Middle East tensions and improved macroeconomic sentiment.
- Geopolitical risks subsided after President Trump halted planned strikes on Iran, pressuring oil prices lower and boosting risk-on sentiment across major indices.
- Strong U.S. manufacturing data is lifting growth and AI-linked semiconductors, with traders also positioning ahead of key labor data and AMD’s earnings report later today.