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Advantest Lags, CXMT Swings, China Construction Bank Beats
Published 1 month, 1 week ago
Description
Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Chip gear makers like Advantest, Lasertec and Disco were among the worst performers on the tech-heavy Nikkei, after Fed chair Kevin Warsh’s comments about fighting inflation
- CXMT shares fluctuate after the chipmaker reported surging growth in 2Q revenue that beat street consensus. The swings come amid broad losses in Chinese and Asian markets Monday amid worry over US-Iran tensions and an outlook for US rate hikes.
- China Construction Bank delivered a strong 1H26 beat, with PPOP and net profit up 13% and 6% y/y driven by investment income materially above expectations and lower operating expenses.
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