🔴 SMH3.L is trading 7% down today after sharp semiconductor selloff

SMH3.L is trading 7% down today as the leveraged ETP amplifies a sharp selloff across the semiconductor sector.

• The underlying VanEck Semiconductor ETF (SMH) and broader chip stocks have pulled back following a strong year-to-date run.
• The 3x leveraged structure of SMH3.L is magnifying the downside move, resulting in a more pronounced drop compared to the underlying index.