VanEck Semiconductor ETF is trading 3.9% higher in pre-market sessions following the confirmation of a tentative U.S.–Iran peace agreement and the planned reopening of the Strait of Hormuz.
- The geopolitical breakthrough has triggered a broad risk-on rally, as lower oil prices help ease global inflation fears.
- Growth-sensitive sectors, specifically semiconductors and information technology, are leading the market move as Nasdaq futures outperform broader indices.
- The easing of macro-economic pressures is providing a significant tailwind for tech-heavy ETFs in early Monday trading.