Semiconductor ETFs jump as Trump signals potential China trade detente

Funds with exposure to semiconductor stocks rallied Monday morning after President Trump suggested more willingness to talk trade with China. Semiconductor companies like NVIDIA Corp.

NVDA, +1.61%

and Broadcom Inc.

AVGO, +1.61%

make the chips that power consumer devices like smartphones. The iShares PHLX Semiconductor ETF

SOXX, +1.08%

was up 1.1% in early-morning trading and the VanEck Vectors Semiconductor ETF

SMH, +1.06%

rose 1.4%. Both are still down about 9% for the month, however.

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