SMH3.L is trading at $19.02, down 5.67%, as higher Treasury yields pressure growth stocks.

  • On October 7, semiconductor shares pulled back: SOXX fell more than 1%, with Marvell and AMD among the decliners. Nvidia ended less than 1% lower.
  • The 10-year Treasury yield neared 5.37%, its highest since 2002, while Brent crude was around $101 amid Iran-related tensions.
  • SMH3.Lā€™s 3x leverage can magnify moves in its semiconductor exposure.