SMGB.L is trading at £78.64 (-5.63%) as a broad semiconductor selloff pulls it lower.

  • The Philadelphia Semiconductor Index fell about 5% on August 18 as investors reduced exposure to richly valued AI and chip stocks.
  • Treasury yields surged, with the 30-year yield reaching its highest level since 2007; higher oil prices followed fading U.S.-Iran peace prospects, intensifying inflation and geopolitical concerns.
  • Major holdings Micron, NVIDIA, and Broadcom also declined, amplifying the ETF’s sector-wide weakness.