SMH3.L is trading at $19.07 (-7.36%) as renewed U.S.–Iran tensions lifted Brent above $106, pushed Treasury yields higher and revived inflation concerns, weighing on risk-sensitive technology shares.

  • Nasdaq futures were among the weaker major contracts in the supplied market context, adding pressure to leveraged semiconductor exposure.
  • In contrast, on Friday, September 25, the Philadelphia Semiconductor Index gained 1.4%, with several chipmakers advancing.