SOXX is trading 2.3% down today as Japan’s 10-year government yield reaches 3%, intensifying global risk-off concerns.
- The yield is the highest since 1996, while expectations for another Federal Reserve hike remain elevated.
- U.S.-Iran tensions pushed oil prices higher, reinforcing inflation worries.
- The Nasdaq is down 1.20%, confirming a broad technology-led decline rather than an isolated semiconductor catalyst.