New U.S. Restrictions Deal a Blow to Semiconductor ETFs
September 01, 2022 at 17:23 PM EDT
Semiconductor sector-specific exchange traded funds plunged Thursday after the U.S. restricted the sales of high-end chips to China. On Thursday, the iShares PHLX Semiconductor ETF (NasdaqGS: SOXX) decreased 1.9%, the VanEck Vectors Semiconductor ETF (SMH) declined 2.2%, and the Invesco PHLX Semiconductor ETF (SOXQ) fell 1.7%. The U.S. government has specifically restricted exports of two [...] The post New U.S. Restrictions Deal a Blow to Semiconductor ETFs appeared first on ETF Trends .