SMGB.L is trading 3.4% higher as global semiconductor and mega-cap tech stocks extend their rally, driven by strong U.S. manufacturing data and improved risk appetite.
- Gains follow a cooling of geopolitical tensions and falling oil prices, which have shifted investor focus back toward growth-oriented sectors.
- While South Korea’s KOSPI saw profit-taking, global semiconductor leaders tied to AI demand remain firm, providing a significant tailwind for sector-focused funds.