SOXX is trading 1.9% down in after-hours trading as a global semiconductor rout deepens following disappointing earnings and rising geopolitical tensions.
- Disappointing SK Hynix earnings and fears over intensifying Chinese chipmaking competition are driving broad weakness across the sector.
- Geopolitical instability in the Middle East is lifting oil prices and stoking macroeconomic uncertainty, further weighing on semiconductor names.
- The move extends a sharp multi-day slide for the ETF as sector- and macro-level headwinds continue to mount.