SMGB.L is trading at £76.91 (-4.45%) as hotter-than-expected September U.S. inflation raised rate concerns, pressuring rate-sensitive technology shares.

  • September inflation was 3.7% year over year, versus a 3.6% forecast.
  • On October 15, a global semiconductor and AI-infrastructure selloff intensified: South Korean chipmakers plunged and U.S. chip shares weakened amid concerns about AI investment sustainability and financing costs. The Philadelphia Semiconductor Index fell, while U.S. markets broadly rebounded late in the session.