SMH3.L is trading at $19.52, down 4.04%, as sharply higher Treasury yields pressure semiconductor and broader technology stocks.

  • Strong U.S. PMI data intensified expectations for tighter Federal Reserve policy, with the 10-year yield near multi-decade highs.
  • Renewed crude-oil inflation concerns and cautious global risk sentiment are adding pressure to high-growth semiconductor valuations.
  • Weak Nasdaq futures suggest the sector may continue opening lower on September 24, 2026.