A lecturer and Senior Manager for InvestPerak was all praises for the National Semiconductor Strategy announced by Dato Seri Anwar Ibrahim at an event that month.
However, off-late tech stocks have been taken a beating in the market on Wall Street and Bursa Malaysia since the Yen carry trade driven sell-off early in the month. For one, the incumbent darling semiconductor stocks, Intel having been on a reversal trend to the other rising semiconductor stocks.
The new darling, Nvidia have taken a tumble due to some anti-trust issues, a usual front for corporate battle in the US.
In addition, both Donald Trump and Kamala Harris are campaigning to revive manufacturing sector in the US to compliment the sanction strategy imposed on China. The globalisation promoted by Clinton and Obama doing a reverse due to geopolitics.
This could have an impact on Malaysia and the layoff by Intel Penang, though an Intel problem, is seen by certain business and stock investor as prequel to a pullout.
Few days ago, Trump threaten at imposing 100% tariff on countries involved in dedollarisation indirectly hitting at countries active in BRICS - members and associate by virtue of BRICS plus in which a new BRICS payment system seemed to be forthcoming.
Read on in Thick as a Brick here.
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