A global chip rout dragged down Singapore’s technology counters this week, even as South Korea’s SK Group and NVIDIA (NASDAQ: NVDA) unveiled one of the largest artificial intelligence (AI) infrastructure commitments to date. Closer to home, the government rolled out a second round of cost-of-living support for households and businesses, while Singapore Exchange (SGX: S68) struck a licensing deal that materially widened its derivatives shelf. Here are the four developments we are watching.

Chip sell-off drags Singapore technology counters lower

Singapore’s technology and semiconductor counters were caught in a global memory chip rout on Tuesday, 28 July 2026. Frencken Group (SGX: E28), a supplier to Applied Materials (NASDAQ: AMAT), took the largest hit and fell 8.9% by the close, while UMS Integration (SGX: 558), also an Applied Materials supplier, declined 8.5%. AEM Holdings (SGX: AWX) shares dropped 8.5% and CSE Global (SGX: 544) shed 4.9%. The trigger was a 5.8% slide in ASML (NASDAQ: ASML) after a report that an unnamed state-backed Chinese company can now mass-produce...