[Goldman Sachs: Hedge funds reduce tech stocks at the fastest pace since 2016, semiconductors face concentrated sell-off] According to Jintou data reports, Goldman Sachs' prime brokerage data shows that over the five trading days ending last Thursday, hedge funds' net selling in the technology sector as a proportion of holdings reached the highest record since statistics began in 2016. The semiconductor and semiconductor equipment sectors contributed 57% of the net selling amount of U.S. tech stocks. Last week, the Nasdaq 100 Index fell 5.5%, and the Philadelphia Semiconductor Index dropped approximately 11.4%. After the reduction, tech stocks still accounted for 23.5% of Goldman Sachs' global prime brokerage book net allocation, ranking in the 90th percentile over the past five years. Additionally, according to Goldman Sachs statistics, leveraged equity ETFs saw a net inflow of nearly $9.5 billion from October 12 to 16, setting a weekly record, with approximately $7 billion flowing into SOXL.