🔴 Semiconductors ETF (SMH3.L) is trading 12% down today amid broad semiconductor selloff

SMH3.L is trading at $16.43 (-11.97%) amid a broad semiconductor and AI-stock selloff.

• The Philadelphia Semiconductor Index fell 4.98%, while the Nasdaq dropped about 1.3% as elevated valuations faced renewed pressure.
• Macro pressures included the 30-year Treasury yield reaching 5.337%, rising oil amid fading U.S.-Iran peace prospects, and renewed inflation concerns.
• SMH3.L amplifies daily semiconductor-sector moves by targeting 3x the return of the VanEck Semiconductor ETF.