🟢 Semiconductor ETF (SMH3.L) is trading 9.5% up on leveraged rebound after September 10 selloff

SMH3.L is trading at $16.10, up +9.52%, reflecting a leveraged rebound after the September 10 semiconductor selloff.

• Higher oil prices, rising Treasury yields, and inflation concerns pressured technology stocks; August PPI rose 0.4% m/m and 5.4% y/y, while energy prices rose sharply amid escalating U.S.-Iran tensions, pressuring rate-sensitive chip shares.
• SMH3.L targets 3x long semiconductor exposure; recoveries in major chip and AI stocks can amplify moves. Context supports a volatile sector rebound, not an isolated fund-specific catalyst.