SMH3.L is trading 7.62% down on September 2, 2026, as semiconductor stocks sell off after September 1’s escalation in U.S.–Iran tensions.
- Higher crude prices revived inflation concerns, pushed bond yields higher, and pressured high-valuation growth stocks; the Philadelphia Semiconductor Index fell 2.14%.
- NVIDIA, AMD, and Broadcom also declined.
- A global bond rout pushed Japan’s 10-year yield to 3% for the first time since 1996. Broadcom’s upcoming earnings report may add volatility, but the primary catalyst is macro-driven.