Investors in Singapore semiconductor stocks have been on a roller coaster ride.
Just last month, signs of a slowdown brought many of these stocks skidding to their 52-week lows.
Ongoing layoffs in the technology space, coupled with falling demand, made investors skittish as they worried about the prospects of these companies.
However, in the space of two weeks, the mood seems to have shifted.
Semiconductor stocks have rebounded sharply as investors become more sanguine about the sector.
Could it be time for investors to jump in?
Correlated with inflation and interest rates
It may sound surprising, but the fortunes of the group of semiconductor-related stocks are indirectly tied to inflation and the level of interest rates.
Hear me out.
The US Federal Reserve has hiked interest rates at the fastest pace ever and had just announced its fourth consecutive 0.75 percentage point increase in early November....