SMH.L is trading at $103.34 (-3.91%) as semiconductor weakness reflects renewed Middle East supply fears, elevated crude prices and a global bond selloff.
- Nasdaq futures were down 1.31%, signaling broad pressure on rate-sensitive technology stocks. Higher yields weigh on richly valued growth and AI-related semiconductor shares, historically heavy decliners in similar conditions.
- The decline appears sector-linked, not driven by a single SMH.L holding. Micron’s reported 9.9% premarket gain partly offsets, but broader risk aversion and Friday’s semiconductor-sector losses remain dominant.