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Semiconductor ETF falls more than 5 percent in premarket trading
A semiconductor exchange-traded fund declined over 5 percent before regular trading hours. The move follows recent gains in the sector and coincides with broader market activity.
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A semiconductor exchange-traded fund declined more than 5 percent in premarket trading on Tuesday. The fund tracks companies that design and manufacture chips used in computers, smartphones, and other electronics.
The drop comes after the sector posted strong gains in prior sessions. Pre-open data showed selling across multiple chip-related holdings. Volume in related futures contracts rose above recent averages during the same period.
Semiconductor shares have been among the most active equity groups in recent weeks. The current decline reverses part of those earlier advances. No company-specific announcements were cited as the direct cause of the move.
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