Stock market

Google supplier Biwin, GPU leader Moore Threads see stocks plunge despite revenue surge

South China Morning Post29 October 2026, 05:35 UTCPeople's Republic of China

Shares of Chinese semiconductor suppliers Biwin Storage Technology and Moore Threads tumbled on Thursday alongside a broader rout in mainland technology stocks, despite blockbuster third-quarter revenue driven by strong artificial intelligence demand. Both stocks plunged more than 10 per cent during Thursday morning trading, reversing Wednesday’s rallies of 8.4 per cent for Biwin and 5.8 per cent for Moore Threads. The tech-heavy Star 50 index in Shanghai also dropped more than 4 per cent,...

Read the full story at South China Morning Post Open in the live monitor

Related discussion groups

No group discusses this yet. Start a discussion group and attach this story.

More news about People's Republic of China

Tencent, Visa deepen payments push in China after regulatory green lightCNBC29 October 2026, 07:01 UTCPeople's Republic of ChinaTencent and Visa are expanding their payments partnership following recent regulatory approvals for foreign financial firms in China.
Forces fortify key Arunachal bridge to fight dam objectorsTimes of India29 October 2026, 06:53 UTCPeople's Republic of ChinaWar activityProtests against the dam at the Dite-Dime bridge have prompted a strong response from law enforcement. The Central Armed Police Forces have been deployed to ensure order in the affected districts....
El presidente de Alemania llegó a China para reunirse con Xi Jinping en medio de las tensiones comerciales entre Beijing y BerlínInfobae Americas29 October 2026, 06:32 UTCPeople's Republic of ChinaGovernment leadersLa Embajada alemana confirmó el arribo del mandatario a la capital china, donde abordará la relación política y económica antes de concluir el viaje el sábado. La presencia de Frank-Walter Steinmei...
N.K. leader may have discussed potential talks with U.S. during China visit: spy agencyYonhap English29 October 2026, 06:29 UTCPeople's Republic of ChinaGovernment leadersSEOUL, Oct. 29 (Yonhap) -- North Korean leader Kim Jong-un may have conveyed Pyo...
Company executives and Chinese national held over visa fraudJapan Times29 October 2026, 06:24 UTCPeople's Republic of ChinaOne of the executives is believed to have submitted fraudulent applications for visas for between 30 and 40 Chinese nationals beginning in 2020.
AB InBev Volumes Lag Estimates on Slump in China DemandBloomberg Markets29 October 2026, 06:15 UTCPeople's Republic of ChinaAnheuser-Busch InBev’s volumes missed analyst estimates last quarter as sluggish sales of beer and weak demand in China offset growth elsewhere at the world’s biggest brewer.
Interview: Volkswagens China-Chef: „Der Gesamtmarkt ist im freien Fall“Handelsblatt29 October 2026, 06:05 UTCPeople's Republic of ChinaChinas Zeiten als Wachstumsmarkt sind für VW vorbei, sagt Chinachef Ralf Brandstätter. Nun muss der Konzern seine Autos anderswo verkaufen. Sonst wird der milliardenschwere Sparkurs noch teurer.
Wo Chinas Macht plötzlich endet – dieser Fall offenbart Pekings größte SchwächeWelt29 October 2026, 06:01 UTCPeople's Republic of ChinaMilliardeninvestitionen, Staatskonzerne, enge Drähte zu Regierungen: So hat China seinen Einfluss weltweit ausgebaut. Doch ein Machtwechsel in Europa zeigt nun die Achillesferse dieses Modells.

More on Stock market

IQM Demonstrates Entanglement Across a Complete 54-Qubit Processor, Bringing Full-Chip Performance to Cloud UsersBusiness Wire29 October 2026, 07:15 UTCFinlandStock marketESPOO, Finland--(BUSINESS WIRE)--IQM Quantum Computers (Nasdaq: IQMX), a global leader in superconducting quantum computers, today announced that its cloud-accessible IQM Emerald system has fully e...
新人6人組ボーイズグループADAP、ベール脱ぐ…タイトル曲は「Buffering」Chosun Ilbo29 October 2026, 07:07 UTCStock market【OSEN＝チェ・イジョン記者】新人6人組ボーイズグループ、エイダップ（ADAP）がメンバー別の個人ティーザーを初公開し、デビューへのカウントダウンに入った。エイダップ（ヒョテ、ジュンソク、ジェヨン、ドウォン、ジョンホ、ヒョンソン）は26日から29日午前0時まで、公式SNSチャンネルを通じてヒョテ、ジュンソク、ジェヨン、ドウォンの個人ティーザー映像を順次公開した。公開された映像でメンバーたち...
サムスン電子の株主還元に失望…KOSPI6000ポイント割れChosun Ilbo29 October 2026, 06:59 UTCStock marketサムスン電子が過去最高水準の業績を発表した29日、韓国総合株価指数（KOSPI）は下落して取引を終え、6000台を割り込んだ。半導体市況の改善にも...
FTSE 100 Live: UK Stock Futures Edge Higher to Dodge AI SelloffBloomberg Markets29 October 2026, 06:48 UTCUnited KingdomStock market
Seoul shares down 1.24 pct on weaker-than-expected Samsung earningsYonhap English29 October 2026, 06:33 UTCSouth KoreaStock marketSEOUL, Oct. 29 (Yonhap) -- South Korean shares dropped 1.24 percent Thursday, re...
(URGENT) Seoul shares down 1.24 pct on weaker-than-expected Samsung earningsYonhap English29 October 2026, 06:31 UTCSouth KoreaStock market(END)