SOXS.MX is trading 8.3% down today as semiconductor equities extend their recovery following a recent market rout.
- Strong quarterly earnings from major technology leaders, including Microsoft and Amazon, are fueling positive sentiment across the broader tech sector.
- A continued recovery in underlying semiconductor indices, such as the SOXX, is putting significant downward pressure on this inverse leveraged ETF.
- The sharp decline reflects a reversal of the bearish trend that previously benefited inverse semiconductor instruments during the recent sector sell-off.