1.51016.11% ( -0.290 )
Delay Closed: Oct 30, 17:16:00Mi Material revenue jumps 15.6% on chip packaging demand
Singapore Business Review·AEM tumbles 11% along with Singapore and regional chip peers following Alphabetâs record plunge
Businesstimes News·- Semiconductor stocks in Singapore and across the region experienced significant declines on October 30 following a sharp overnight sell-off on Wall Street. - The regional market rout was triggered by Alphabet's record 12.6 per cent plunge after its third-quarter revenue of US$ 127.6 billion missed expectations, alongside disappointing earnings from other major US tech firms like Amazon and Intel. - By mid-morning trading, Singaporean chipmaker AEM dropped over 11 per cent to S$ 7.23, contributing to a month-to-date decline of 24.8 per cent, while regional indices such as Korea's Kospi fell nearly 5 per cent.Mainboard newbie Mi Material opens flat at S$1.80 in early trading
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