🔴 Semiconductor ETF (SMH.L) is trading 3.74% down after hotter-than-expected CPI revived rate fears

SMH.L is trading at $101.94 (-3.74%) as hotter-than-expected September CPI revived fears of higher-for-longer rates, pressuring growth and technology shares.

• Semiconductor and AI shares faced further selling as Asian chip stocks tumbled and investors questioned AI financing costs.
• TSMC shares fell despite record quarterly profits.
• The broader chip selloff persisted as U.S. stocks recovered from early losses on October 15.