Your Money with Michelle Martin
Business:Investing
Market View: Hua Hong Semiconductor, Semiconductor Manufacturing International, NAURA Technology, GigaDevice Semiconductor, Tuya, China Evergrande, Adani Energy, Ley Choon, GP Industries, Seatrium, Boustead Singapore, Euro, SATS, Hong Kong Land
Join Michelle Martin and Ryan Huang as we begin this morning in China, where Beijing has established its largest-ever semiconductor investment fund worth 344 billion yuan. Chinese semiconductor stocks surged on the news- we look closer at them. Morgan Stanley has a bullish outlook an IoT company. In corporate news, Evergrande New Energy Vehicle Group saw a significant rise in shares, Adani Energy is set to raise substantial capital, and Boustead Singapore posted a notable profit increase. We also check on the Straits Times Index and discuss a disappointing Memorial Day weekend at the US box office.
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