SMH.L is trading 3.4% up as semiconductor and mega-cap tech stocks bounce back following a strong Wall Street rally and easing Middle East tensions.
- Gains are driven by improved risk appetite as lower oil prices and softer yields support the core U.S. tech and chip names within the index.
- Renewed optimism surrounding AI and anticipation of upcoming AMD earnings are lifting sector-wide sentiment.
- The move reflects a broader market recovery and positive momentum in the semiconductor industry rather than ETF-specific news.