SMGB.L is trading at £75.16 (-3.04%) as Japan’s 10-year yield reaches 3%, intensifying global bond-market stress and rate concerns in a primarily macro-driven, rather than company-specific, move.
- Higher yields are pressuring capital-intensive technology companies funding AI investments.
- Nasdaq 100 futures fell 1.2%, with chipmakers among the weakest premarket performers.
- Rising oil prices and renewed Middle East tensions add inflation pressure, while expectations for further central-bank tightening weigh on growth-sensitive semiconductor valuations.