🔴 Semiconductor ETF (SMH3.L) is trading 4.71% down amid broad semiconductor-sector weakness

SMH3.L is trading at $14.50, down 4.71%, as broad semiconductor weakness is amplified by its 3x leverage.

• Escalating U.S.-Iran tensions pushed oil higher and pressured global equities; rising Treasury yields increased concerns about further Federal Reserve rate hikes.
• Semiconductor stocks were vulnerable after the hawkish Jackson Hole signal and recent weakness in AI-linked shares, including Marvell and NVIDIA.
• The move appears sector-wide and macro-driven rather than specific to SMH3.L.