🟢 Semiconductors ETF (SMH3.L) is trading 8.9% up today on a leveraged semiconductor relief bounce

SMH3.L is trading at $20.89, up 8.86%, as a leveraged relief bounce follows the September 24 selloff.

• The Philadelphia Semiconductor Index fell 2.10% on September 24, while NVIDIA and other chip stocks weakened as Treasury yields surged above 5.1%.
• Firmer Nasdaq futures and renewed risk appetite are supporting the current gain.
• SMH3.L targets three-times daily semiconductor exposure, so ordinary sector moves can produce substantially larger price changes.