🔴 Semiconductor ETF (SMH.MI) is trading 4.6% down as hot U.S. CPI revived rate-hike worries

SMH.MI is trading at €90.89 (-4.55%) as hot September U.S. CPI came in at 3.7% year over year versus 3.6% expected, reviving rate-hike worries and lifting Treasury yields, which pressured rate-sensitive technology valuations. - Semiconductor pressure intensified as investors questioned AI-infrastructure spending and financing; chipmakers in South Korea and Japan sold off sharply before U.S. trading. - TSMC’s cautious 2027 planning outlook added sector concern despite its record quarterly profit.