SOXS.L is trading 5.1% down today as semiconductor equities rebound following a sharp two-day sector selloff on June 22–23.
- The recovery in global semiconductor names after the AI-driven tech rout is pushing this leveraged bearish product lower.
- Because SOXS.L provides -4x short exposure, its price moves inversely to the performance of chip stocks.
- As a leveraged bearish product, the ETP experiences amplified losses when the underlying semiconductor sector trends upward.