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Tokyo Electron Gains, DBS Group Lower, PSBC Falls
Tokyo Electron Gains, DBS Group Lower, PSBC Falls
Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Tokyo Electron shares rise as much as 4.5%, after the Japanese semiconductor equipment company reported its second quarter earnings results with analysts viewing the WFE outlook positively.
- Declines in heavyweight bank stocks like DBS Group drag Singapore’s benchmark Straits Times Index lower, making it the worst performer in Asia Monday.
- Postal Savings Bank of China shares fall as much as 3.4% in HK after its 3Q results. Analysts say its earnings growth was constrained by rising credit costs and margin pressure in 3Q, despite improved cost efficiency.
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