Technology stocks were slipping pre-bell Monday. The Technology Select Sector SPDR ETF (XLK) was flat, and the Semiconductor Sector Index Fund (SOXX) was 0.80% lower recently.
WeTrade Group (WETG) was gaining over 13% in value after saying it has entered into a technical agency agreement with Vmade Tech to launch the company’s WTPay technology tools in Singapore.
DouYu International Holdings (DOYU) reported Q3 adjusted earnings of 0.09 Chinese renminbi ($0.01) per diluted American depositary share, compared with an adjusted loss of 0.15 renminbi per ADS a year ago. Two analysts polled by Capital IQ expected an adjusted loss of 0.07 renminbi. DouYu International was over 1% lower recently.
Taiwan Semiconductor Manufacturing (TSM) is constructing a $12 billion plant in Arizona as part of its plan to produce advanced chips, Reuters reported, citing the company’s founder, Morris Chang. Taiwan Semiconductor was recently slipping past 1%.
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