SMH3.L is trading at $17.00 (-8.94%), reflecting a broad semiconductor selloff rather than an isolated ETF issue as rising bond yields pressured high-growth technology shares.
- Micron, Marvell, and Intel fell about 5%; NVIDIA declined more than 2%.
- Renewed U.S.-Iran tension lifted oil prices and inflation concerns, while the 30-year Treasury yield reached its highest level since 2007.
- Nasdaq weakness amplified the impact on this 3x leveraged semiconductor product.