🔴 Smart Grid Infrastructure ETF (FGRD.L) is trading 3.1% down as hotter-than-expected U.S. CPI revives rate concerns

FGRD.L is trading at £4513.50 (-3.06%) as hotter-than-expected U.S. September CPI renewed concern about higher interest rates that can weigh on capital-intensive infrastructure investment.

• September CPI was 3.7% year over year, versus 3.6% expected.
• A global selloff in semiconductor and AI-infrastructure stocks reflected worries about debt-financed spending and borrowing costs.
• Sector and rate concerns are the clearest explanation for the decline; available information does not establish a specific FGRD.L holding as the cause.