PHLX Semiconductor Index was up 1.86 percent yesterday

PHLX Semiconductor Index was up 1.86 percent yesterday

Bulls make a comeback as US recession fears subside - https://www.thestar.com.my/business/business-news/2024/08/16/bulls-make-a-comeback-as-us-recession-fears-subside

US stocks surged on Thursday as upbeat consumer and labour data fuelled a rally, easing recession fears and bolstering investor confidence.
Semiconductor stocks outperformed the broader market on Thursday. Semiconductor ETFs, including SOXX and XSD, surged by 4.8 per cent and 5.4 per cent respectively. Industry leader Nvidia surged 4 per cent, whilst Broadcom and Monolithic Power Systems grew 5.4 per cent and 6.7 per cent respectively.

US stocks surged on Thursday as upbeat consumer and labour data fuelled a rally, easing recession fears and bolstering investor confidence.
Semiconductor stocks outperformed the broader market on Thursday. Semiconductor ETFs, including SOXX and XSD, surged by 4.8 per cent and 5.4 per cent respectively.

US stocks surged on Thursday as upbeat consumer and labour data fuelled a rally, easing recession fears and bolstering investor confidence.
Semiconductor stocks outperformed the broader market on Thursday.

Semiconductor ETFs, including SOXX and XSD, surged by 4.8 per cent and 5.4 per cent respectively. Industry leader Nvidia surged 4 per cent, whilst Broadcom and Monolithic Power Systems grew 5.4 per cent and 6.7 per cent respectively.

US stocks surged on Thursday as upbeat consumer and labour data fuelled a rally, easing recession fears and bolstering investor confidence.
Semiconductor stocks outperformed the broader market on Thursday. Semiconductor ETFs, including SOXX and XSD, surged by 4.8 per cent and 5.4 per cent respectively. Industry leader Nvidia surged 4 per cent, whilst Broadcom and Monolithic Power Systems grew 5.4 per cent and 6.7 per cent respectively.

KULIM, Malaysia -- Top European chipmaker Infineon has kicked off production at its largest-ever power chip plant in Malaysia, marking a win for the Southeast Asian nation as it attempt to move up the global semiconductor supply chain.

The plant in Kulim will be the world's biggest factory for silicon carbide (SiC) once it reaches full capacity over next five years, the company said. Infineon is eyeing demand from the renewable energy sector and electrified applications such as electric vehicles and AI data centers.

https://asia.nikkei.com/Business/Tech/Semiconductors/Infineon-opens-largest-power-semiconductor-plant-in-Malaysia
Southeast Asian nation receives record chip, data center investments

Infineon opens largest power semiconductor plant in Malaysia
https://asia.nikkei.com/Business/Tech/Semiconductors/Infineon-opens-largest-power-semiconductor-plant-in-Malaysia

https://theedgemalaysia.com/node/722250

Bullish outlook for Bursa Malaysia - https://www.thestar.com.my/business/business-news/2024/08/09/bullish-outlook-for-bursa-malaysia

PM: Infineon’s additional investment reflects confidence in national policies - https://theedgemalaysia.com/node/722275

https://theedgemalaysia.com/node/720969

Fundamentally, it said Dufu could benefit from Microsoft’s US$2.2 billion investment in Malaysia, particularly due to increased demand for high-capacity hard disk drives (HDDs) driven by Artificial intelligence.

“In addition, Seagate Technology’s decision to raise prices, following Western Digital Corporation’s move, further strengthens this outlook. Considering that Dufu’s HDD division derives 60% of its revenue from Seagate and 30% from Western Digital, it signifies substantial potential for revenue growth,” it said.

Dufu Tech's 2Q net profit more than doubles, declares 1.5 sen dividend

ASML performance surges amid TSMC investment rumors, strong China sales despite US curb threats
https://www.digitimes.com/news/a20240718VL200/asml-sales-tsmc-revenue-2024.html

Exclusive: Harris leads Trump 44% to 42% in US presidential race, Reuters/Ipsos poll finds
https://www.reuters.com/world/us/harris-leads-trump-44-42-us-presidential-race-reutersipsos-poll-finds-2024-07-23/

Exclusive: Harris leads Trump 44% to 42% in US presidential race, Reuters/Ipsos poll finds
https://www.reuters.com/world/us/harris-leads-trump-44-42-us-presidential-race-reutersipsos-poll-finds-2024-07-23/

https://www.thestar.com.my/business/business-news/2024/07/22/industry-players-remain-optimistic

China’s semiconductor sales jump 24.2% in May; US-led crackdown can’t stop nation’s chip industry development
https://www.globaltimes.cn/page/202407/1315634.shtml

China’s semiconductor sales jump 24.2% in May; US-led crackdown can’t stop nation’s chip industry development
https://www.globaltimes.cn/page/202407/1315634.shtml

Singapore Stocks Head for Six-Year High on Earnings Potential

Major bank stocks have risen to record highs in recent weeks
Second quarter earnings season to begin at the end of July

Singapore Stocks Head for Six-Year High on Earnings Potential

Major bank stocks have risen to record highs in recent weeks
Second quarter earnings season to begin at the end of July
https://www.bloomberg.com/news/articles/2024-07-10/singapore-stock-benchmark-heads-for-2018-high-on-earnings-hopes

Singapore Stocks Head for Six-Year High on Earnings Potential

Major bank stocks have risen to record highs in recent weeks
Second quarter earnings season to begin at the end of July
https://www.bloomberg.com/news/articles/2024-07-10/singapore-stock-benchmark-heads-for-2018-high-on-earnings-hopes

Markets in Focus: Currency Risk Higher for Global Equity Investors
https://www.msci.com/www/blog-posts/markets-in-focus-currency-risk/04783398091

Singapore Stocks Head for Six-Year High on Earnings Potential

Major bank stocks have risen to record highs in recent weeks
Second quarter earnings season to begin at the end of July
https://www.bloomberg.com/news/articles/2024-07-10/singapore-stock-benchmark-heads-for-2018-high-on-earnings-hopes

https://www.thestar.com.my/business/business-news/2024/07/10/improving-outlook-for-semiconductor-sector

https://www.thestar.com.my/business/business-news/2024/07/10/improving-outlook-for-semiconductor-sector

https://amp.scmp.com/business/banking-finance/article/3269417/bullish-emerging-markets-chinese-indian-stocks-may-outshine-japan-second-half

https://www.bloomberg.com/news/articles/2024-07-06/chinese-indian-stocks-favored-over-japan-in-asia-s-second-half?embedded-checkout=true

https://www.bloomberg.com/news/articles/2024-07-06/chinese-indian-stocks-favored-over-japan-in-asia-s-second-half?embedded-checkout=true

Chinese, Indian Stocks Favored Over Japan in Asia’s Second Half

Survey shows an investor preference for the region’s EM giants
Strategists see Asian equities outperforming US to year-end

Equities in China and India are being touted as potential outperformers in Asia in the second half of the year as investors flock to emerging-market themes.

About a third of 19 Asia-based strategists and fund managers surveyed informally by Bloomberg News said they see Chinese stocks outstripping most over the next six months. A similar number picked India as their top bet while Japan was a distant third.

https://www.bloomberg.com/news/articles/2024-07-06/chinese-indian-stocks-favored-over-japan-in-asia-s-second-half?embedded-checkout=true

Chinese, Indian Stocks Favored Over Japan in Asia’s Second Half

Survey shows an investor preference for the region’s EM giants
Strategists see Asian equities outperforming US to year-end

Equities in China and India are being touted as potential outperformers in Asia in the second half of the year as investors flock to emerging-market themes.

About a third of 19 Asia-based strategists and fund managers surveyed informally by Bloomberg News said they see Chinese stocks outstripping most over the next six months. A similar number picked India as their top bet while Japan was a distant third.

https://www.bloomberg.com/news/articles/2024-07-06/chinese-indian-stocks-favored-over-japan-in-asia-s-second-half?embedded-checkout=true

The S&P 500 rose to a new high on Friday, posting a record close as the latest jobs report reignited hopes for rate cuts from the Federal Reserve.

https://www.cnbc.com/amp/2024/07/04/stock-market-today-live-updates.html

S&P 500, Nasdaq post record closes Friday as jobs report raises Fed rate cut hopes: Live updates
https://www.cnbc.com/amp/2024/07/04/stock-market-today-live-updates.html

S&P 500, Nasdaq post record closes Friday as jobs report raises Fed rate cut hopes: Live updates
https://www.cnbc.com/amp/2024/07/04/stock-market-today-live-updates.html

According to its financial guidance announced on July 5th, the semiconductor giant projects its operating profit to grow more than 15-fold YoY to 10.4 trillion won (USD 7.5 billion) in its preliminary results for the April-June quarter, outstripping market expectations.

https://www.trendforce.com/news/2024/07/05/news-samsung-anticipates-q2-profit-to-soar-on-ai-demand-with-a-15-fold-increase/

Samsung Anticipates Q2 Profit to Soar on AI Demand with a 15-fold Increase
https://www.trendforce.com/news/2024/07/05/news-samsung-anticipates-q2-profit-to-soar-on-ai-demand-with-a-15-fold-increase/

[News] Samsung Anticipates Q2 Profit to Soar on AI Demand with a 15-fold Increase
https://www.trendforce.com/news/2024/07/05/news-samsung-anticipates-q2-profit-to-soar-on-ai-demand-with-a-15-fold-increase/

PHLX Semiconductor index was up 1.92 percent yesterday.

PHLX Semiconductor index was up 1.92 percent yesterday.

https://theedgemalaysia.com/node/717664

Kenanga stays 'overweight' on technology sector, sees improving order visibility
https://theedgemalaysia.com/node/717664

Kenanga stays 'overweight' on technology sector, sees improving order visibility
https://theedgemalaysia.com/node/717664

[Big read] Penang leads Malaysia’s semiconductor charge
https://www.thinkchina.sg/technology/big-read-penang-leads-malaysias-semiconductor-charge

Fed’s Goolsbee Says Policymakers Should Prepare for Rate Cuts

Goolsbee sees inflation on “a path to 2%”, warns on employment
Holding rates as inflation falls is a decision to tighten
https://www.bloomberg.com/news/articles/2024-07-02/fed-s-goolsbee-says-policymakers-should-prepare-for-rate-cuts