SMH3.L is trading at $15.02, up 3.68%, as investors bought the dip after semiconductor losses moderated.
- The move appeared primarily sector-driven following the sharp September 15–16 selloff; Asian chipmakers strengthened, with SK hynix up 3.85% and Samsung Electronics up 1.81%.
- The rebound came despite the Federal Reserve’s September 16 25-basis-point hike to 3.75%–4.00%, keeping rates and growth-stock valuations under pressure.
- The leveraged 3x structure amplified the sector recovery.