SMH3.L is trading at $16.95, up 4.53%, rebounding after August 18’s sharp semiconductor selloff as the U.S. Treasury announced longer-dated buybacks would at least double from $2 billion to at least $4 billion per operation.
- Improved risk sentiment and lower long-term Treasury yields benefit the leveraged product and high-duration technology and semiconductor valuations.
- Rebound positioning amplified recovery after the Philadelphia Semiconductor Index fell nearly 5% during the prior selloff, leaving the sector vulnerable to a technical bounce.