🟢 SOXS.MX is trading 11.5% up today as China chip breakthrough triggers sector selloff

SOXS.MX is trading 11.5% up today as semiconductor stocks face a sharp decline following reports of a technological breakthrough by a state-backed Chinese firm.

• The semiconductor sector, tracked by the SOXX index, fell approximately 3.5% after reports that a Chinese company has mass-produced advanced chipmaking equipment, raising significant competitive and geopolitical concerns.
• Bearish sentiment is being further fueled by profit-taking following an extended AI-driven rally, significantly boosting inverse products like SOXS.MX.
• The selloff appears to be sector-specific rather than a broader market shift, as major equity indices remain in positive territory.