SOXX is trading at $589.80 (-1.65%) as semiconductor stocks face pressure from a broad tech selloff in Asia and cautious sentiment ahead of U.S. labor data.
- Major Asian chipmakers like Samsung Electronics and SK Hynix saw sharp declines, leading to a plunge in South Korea’s Kospi index.
- U.S. Nasdaq futures are trading lower, reflecting a weaker risk appetite for growth and AI-linked names.
- Investors are awaiting the 08:30 employment report, which is expected to influence interest rate expectations and pressure tech valuations.