SMGB.L is trading at £80.73 (-3.12%) as broader risk aversion intensified amid oil prices above $90 and sharply higher Treasury yields.

  • U.S. stocks fell on August 17 amid Middle East tensions; the Nasdaq declined 0.32%, pressuring high-valuation technology and semiconductor shares.
  • Sector sentiment was mixed: Nvidia’s Ohio data-center announcement supported AI infrastructure and chip-demand expectations, but elevated valuations and rising long-term yields likely outweighed those positives.