Biz Report: Selloff in Semiconductor Stocks; South Korea to Announce Measures on Single-stock Leveraged ETFs Soon; BOK Raises Rates (Money FM)

In this episode of The Business Report, finance presenter Chua Tian Tian spoke with David Chow, Director, Azure Capital, where they zoomed in on the global semiconductor sector after ASML lifted its annual sales forecast for the second time this year.

That’s before turning the attention to South Korea and how the Bank of Korea raised its benchmark interest rate for the first time in three and a half years to stabilise a slumping Won and counter persistent inflationary pressure.

Also discussed, how South Korea’s Financial Services Commission head said the country will soon announce measures regarding the controversy over leveraged exchange-traded funds linked to Samsung and SK Hynix.

Plus – news surrounding SGX-listed Frasers Property and how a consortium led by the property developer placed the top bid of nearly S$2.13 billion for a large mixed-use commercial and residential site in the new Bayshore neighbourhood.

Listen to the full episode here

Image by PublicDomainPictures from Pixabay