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The drop shows heavy selling in chip shares happening at the same time large sums are flowing into semiconductor ETFs, including leveraged ones, a split between index-level selling and ETF-level buying. If the selloff continues, that gap raises the risk of sharper swings in leveraged funds, since they reset daily and can amplify further losses.
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Chip stocks have lost about $1 trillion in market value over six trading days, with the Philadelphia Semiconductor Index down 12%, even as investors poured billions into semiconductor ETFs, including leveraged funds on track for record weekly inflows.
The drop shows heavy selling in chip shares happening at the same time large sums are flowing into semiconductor ETFs, including leveraged ones, a split between index-level selling and ETF-level buying. If the selloff continues, that gap raises the risk of sharper swings in leveraged funds, since they reset daily and can amplify further losses.
Jin10·10/15, 08:24 PM
Low impactFinnhub·08/04, 09:02 PM
Finnhub·07/31, 09:12 PM
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