🟢 SOXS ETF (SOXS) is trading 6.96% up today as Japan’s 10-year yield hits 3%

SOXS is trading at $52.43 (+6.96%) as rising bond yields pressure semiconductor valuations.

• Global bond yields surged, led by Japan’s 10-year yield reaching 3%, pressuring growth and semiconductor valuations.
• Renewed U.S.-Iran conflict lifted oil prices and inflation concerns; hawkish Fed expectations increased the likelihood of a September rate hike to roughly 60%.
• Nasdaq futures fell as chipmakers weakened, directly supporting SOXS’s inverse semiconductor exposure.