Technology stocks were rising premarket Monday, with the State Street Technology Select Sector SPDR Fund (XLK) 1% higher and the State Street SPDR S&P Semiconductor ETF (XSD) up 1.3%.
Taiwan prosecutors said the government has filed new indictments against the local unit of Tokyo Electron and three other defendants in a case alleging the theft of trade secrets from chipmaker Taiwan Semiconductor Manufacturing (TSM), Reuters reported. Shares of Taiwan Semiconductor Manufacturing were up more than 2% pre-bell.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments