Foreign investors' net buying surged to RM1.4b last week — MIDF - https://theedgemalaysia.com/node/724165

Foreign investors' net buying surged to RM1.4b last week — MIDF - https://theedgemalaysia.com/node/724165

According to government data compiled by Bloomberg, China continues to import semiconductor equipment at a record setting pace, with most orders coming from older generation machines. Due to its criticality in enabling advanced industries such as artificial intelligence and supercomputing, semiconductor equipment has become one of the most scrutinized industrial machinery in the world.

According to government data compiled by Bloomberg, China continues to import semiconductor equipment at a record setting pace, with most orders coming from older generation machines. Due to its criticality in enabling advanced industries such as artificial intelligence and supercomputing, semiconductor equipment has become one of the most scrutinized industrial machinery in the world.
https://wccftech.com/asml-amat-among-firms-that-sold-record-26-billion-chip-equipment-to-china-through-july/amp/

ASML, AMAT Among Firms That Sold Record $26 Billion Chip Equipment To China Through July
https://wccftech.com/asml-amat-among-firms-that-sold-record-26-billion-chip-equipment-to-china-through-july/amp/

https://finance.yahoo.com/quote/TSLA/

Tesla Stock Rises. Why Powell’s Jackson Hole Speech Could Lift It Further.
The prospect of lower interest rates has helped Tesla stock gain in recent weeks.
https://www.barrons.com/amp/articles/tesla-stock-price-powell-fed-75d6b157

Stocks Rally as Powell ‘Locks In’ a September Cut: Markets Wrap

Powell says ‘time has come’ for Fed to cut interest rates
Traders pricing over 100 basis points of Fed easing this year

Stocks Rally as Powell ‘Locks In’ a September Cut: Markets Wrap

Powell says ‘time has come’ for Fed to cut interest rates
Traders pricing over 100 basis points of Fed easing this year
https://www.bloomberg.com/news/articles/2024-08-22/stock-market-today-dow-s-p-live-updates?embedded-checkout=true

Stocks Rally as Powell ‘Locks In’ a September Cut: Markets Wrap

Powell says ‘time has come’ for Fed to cut interest rates
Traders pricing over 100 basis points of Fed easing this year
https://www.bloomberg.com/news/articles/2024-08-22/stock-market-today-dow-s-p-live-updates?embedded-checkout=true

Geopolitical Chess: Europe's New Semiconductor Plant Aims To Reshape Industry Landscape
https://www.forbes.com/sites/federicoguerrini/2024/08/24/geopolitical-chess-europes-new-semiconductor-plant-aims-to-reshape-industry-landscape/

Jerome Powell’s Pivot Fuels an All-Conquering Wall Street Rally

Traders cheer as Fed chief eyes rate cuts to help labor market
Rallying assets seen helping Powell’s bid to stabilize growth
https://www.bloomberg.com/news/articles/2024-08-23/jerome-powell-s-pivot-fuels-an-all-conquering-wall-street-rally

Zafrul: Tesla has invested nearly RM60m in Malaysia, to further country’s green tech drive - https://theedgemalaysia.com/node/723899

https://klse.i3investor.com/web/financial/QoQ/quarter/0208_30-Jun-2024_982369418

https://klse.i3investor.com/web/pricetarget/research/72247

Electric vehicle sales are down, but just barely, and that’s just for July.
Second-quarter EV sales were actually up 11.3% compared to the same period last year.
But not all automakers are hitting on a winning EV formula, with some finding a much easier time moving their electrified sheetmetal.

Electric vehicle sales are down, but just barely, and that’s just for July.
Second-quarter EV sales were actually up 11.3% compared to the same period last year.
But not all automakers are hitting on a winning EV formula, with some finding a much easier time moving their electrified sheetmetal.
https://www.autoweek.com/news/a61927470/electric-vehicle-sales-winners-and-losers/

EU cuts planned tariff on China-made Tesla vehicles: What does it mean for prices?
https://www.euronews.com/business/2024/08/21/eu-cuts-planned-tariff-on-china-made-telsa-vehicles-to-9

India, Malaysia To Elevate Ties, Focus On Semi-Conductor, Fintech, Defence Industry: PM Modi
https://e2india.com/news/national/india-malaysia-to-elevate-ties-focus-on-semi-conductor-fintech-defence-industry-pm-modi/

China's semiconductor companies report stellar operational gains despite US crackdown
https://www.globaltimes.cn/page/202408/1318422.shtml

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