SMH3.L is trading 9.9% down today as the 3x leveraged ETP magnifies recent weakness in the semiconductor segment following the announcement of sweeping new U.S. tariffs on major trading partners.
- Investors are reassessing aggressive AI infrastructure and capital expenditure plans at large tech and chip names, putting significant pressure on the broader semiconductor complex.
- The sharp decline in the leveraged instrument persists even as broader index futures attempt to rebound on the back of lower oil prices.