Chip stocks slide as China advances domestic lithography, memory production

    Chip stocks slide as China advances domestic lithography, memory production Proactive uses images sourced from Shutterstock Shares of major chipmakers fell sharply on Monday after reports that a state-backed Chinese firm has begun mass-producing domestic deep ultraviolet (DUV) lithography machines. ASML Holding NV (NASDAQ:ASML, XETRA:ASME) dropped more than 7% as China’s progress in domestic DUV…

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      ELEKTROS Shares Up About 18%; EV Sites Under Review

      ELEKTROS (OTC Pink: ELEK) reported ongoing evaluation of strategic opportunities in the electric vehicle ecosystem as U.S. markets reached record highs and its shares rose approximately 18% today. Management compared the current market momentum to the dot-com era but stressed a focus on responsible, long-term value creation. According to Elektros, the company…

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      A handout image shows the oil tanker Layla in Rotterdam, Netherlands, October 25, 2020. (Peter Heiden/Handout via REUTERS)

      Oil markets are on edge again

      For a few weeks this summer you could look at the oil price and forget the Iran war had ever happened. In June America signed a deal with Iran, waiving sanctions on its enemy’s oil exports in exchange for ships’ safe passage through the Strait of Hormuz. As tankers rushed to exit the Gulf, a…

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      Price – USD/JPY Eyes 162 Support

        Price – USD/JPY Eyes 162 Support

        The US dollar has pulled a bit in the early part of trading on Friday, as we are seeing a bit of profit-taking and lower rates for the day in America. USD/JPY The US dollar has pulled back slightly against the Japanese yen heading into the weekend, which isn’t a huge surprise. We’ve rallied quite…

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