The semiconductor sector’s recent momentum continued to build, with the VanEck Semiconductor ETF (SMH) rising 3.8% in pre-open trading.
This marks the second consecutive day of gains for the chip index, underscoring a broadening rally in technology stocks that appears to be gaining traction among global investors.
The strength in semiconductors came at the expense of Latin American equities, which faced renewed selling pressure.
Brazil’s benchmark index slipped 0.7%, while Mexico’s market fell 1%.
The divergence highlights a clear rotation in capital flows, with money moving out of defensive and emerging-market positions and into growth-oriented technology assets.
Despite the broader pullback in LatAm stocks, industrial metals provided a counterpoint.