• Last week, SQU (+1.97% in USD) and SCY (+0.57% in SGD) gained, while LCU (-2.50% in USD), SRT (-2.97% in SGD), and SHD (-1.10% in SGD) fell. • $CSOP LOW CARBON US$(LCU.SI)$ ‘s fall was attributable to IT, financials and consumer discretionary by sectors, and Japan, China and Taiwan by geographies. By individual firms, the decline was led by TSMC, Alibaba and Samsung Electronics. TSMC fell following suspension of its 2nm plant in Hsinchu for investigation of a death likely caused by electrocution and discovery that chips for a specific customer were delivered to Huawei. • $CSOP SEA TECH ETF US$(SQU.SI)$ ’s gains were led by Grab and Astra. Grab’s target price was raised +4% by UBS ASEAN bank analyst