Strength in Semiconductors
During Friday’s trading session, the iShares Semiconductor ETF demonstrated resilience, outperforming other ETFs with a modest 0.8% gain. Notably, Taiwan Semiconductor Manufacturing saw a substantial 5.1% surge, contributing to the overall positive performance of the sector. Similarly, shares of Ase Technology Holding rose by 2.5% on the day, highlighting the strength in semiconductor-related stocks.
Challenges in the Lithium Sector
Conversely, the Lithium ETF encountered some headwinds on Friday, with a 3% decline in afternoon trading. Among the components dragging the ETF down, Albemarle experienced a 2.9% decrease, while shares of Tesla fell by 1.8% during the day. These declines underscore the challenges faced by the lithium sector in the current market environment.
