🔴 Semiconductors ETF (SMH3.L) is trading 14.63% down — despite rising Asian semiconductor shares

SMH3.L is trading at $13.90, down 14.63% from the supplied September 18 reference price; no confirmed sector catalyst.

• September 21 coverage reports rising Asian semiconductor shares, positive U.S. futures, and continued AI-demand support.
• It does not explain a fresh sector-wide selloff; no new September 21 catalyst was identified.
• Earlier September AI-slowdown concerns pressured NVIDIA and other chipmakers; the move may reflect ETP-specific pricing, leverage reset, or an unavailable underlying-market discrepancy.