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

Singapore-listed technology stocks experienced a decline on Tuesday, July 28, 2026, as a broader sell-off in semiconductor stocks spread across Asian markets. Key affected companies include Frencken, UMS Holdings, AEM Holdings, and CSE Global, all of which saw their share prices fall. The downturn occurred despite a notable surge in shares of CXMT (ChangXin Memory Technologies), a Chinese memory chip maker, which bucked the regional trend. The article, published by The Business Times Singapore and authored by Shikhar Gupta and Chloe Lim, highlights the contagion effect of global chip sector weakness on Singapore's tech industry, reflecting investor concerns over semiconductor demand and supply chain dynamics.

First published Aug 4, 01:55 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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