🔴 Semiconductor ETF (INTC.TO) is trading 3.2% down as oil surges and Treasury yields rise

INTC.TO is trading at CA$61.30, down 3.21%, as oil and Treasury yields rise.

• Oil surged nearly 5%, topping $105 a barrel, as renewed Iran-conflict concerns heightened inflation fears.
• The 10-year Treasury yield rose four basis points to 5.32%, pressuring equities and rate-sensitive technology shares.
• Chipmakers languished in early U.S. trading; concerns about the AI investment boom also weighed on sentiment. Reporting points to sector-wide and macro pressure, not a confirmed Intel-specific catalyst.