SMH3.L is trading at $14.70, down -14.50%, reflecting a leveraged response to the September 10 semiconductor selloff as escalating U.S.-Iran tensions pushed Brent crude above $100 and intensified inflation and higher-for-longer interest-rate concerns.

  • Chip stocks declined broadly as technology shares fell 1.41%.
  • Rising Treasury yields pressured richly valued growth and AI companies.
  • August PPI and climbing rate expectations further weighed on risk sentiment.