Positive mood on Nasdaq boosts local tech stocks

THE darkest period may be over but there are still no clear signs of recovery in the local semiconductor industry. Nonetheless, the industry is generally hopeful of a recovery in the second half of this year. 

In recent months, stocks of semiconductor companies listed on the KLSE saw a sudden price surge, boosted by interest buying from the market. However, major industry players have expressed cautious outlook on profit performances for the year and beyond.