Singapore tech stocks slide as chip sell-off spreads in Asia despite CXMT surge

Singapore-listed technology stocks experienced a decline on Tuesday morning, July 28, 2026, as a broader sell-off in semiconductor stocks spread across Asian markets. Companies including Frencken, UMS Holdings, AEM Holdings, and CSE Global all saw their shares fall. The downturn occurred despite a notable surge in shares of Chinese chipmaker CXMT (ChangXin Memory Technologies), indicating that regional weakness in the tech sector outweighed positive signals from individual firms. The article, published by The Business Times and authored by Shikhar Gupta and Chloe Lim, highlights the contagion effect of global chip market volatility on Singapore's tech sector.

First published Aug 4, 02:08 PM UTCUpdated Jul 28, 03:05 AM UTC1 reports · 1 sources

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Singapore tech stocks slide as chip sell-off spreads in Asia despite CXMT surge

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Singapore tech stocks slide as chip sell-off spreads in Asia despite CXMT surgeThe Business TimesRegionalJul 28, 03:05 AM UTC

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