iShares MSCI Global Semiconductors UCITS ETF USD Acc is trading 6% higher at $22.17 following a broad rebound in semiconductor ETFs and global chipmakers. - The advance is primarily driven by renewed risk-on sentiment after reports of a US-Iran peace deal and the anticipated reopening of the Strait of Hormuz, easing significant geopolitical concerns. - This de-escalation led to strong performance across global semiconductor benchmarks, despite a lack of fund-specific catalysts for SEMI.AS.