VanEck Semiconductor UCITS ETF is trading 3% higher at $105.58 as chip stocks recover from a macro-driven selloff following the Federal Reserve's recent interest rate decision.
- The move follows a sharp decline triggered by the June 17 Fed meeting, where policymakers held rates steady but signaled a higher-for-longer path.
- Equity index futures are pointing higher as risk appetite improves and the market absorbs the uncertainty surrounding the central bank's hawkish stance.
- Semiconductor-focused ETFs are leading the recovery alongside broader indices as sector-specific sentiment stabilizes.