Google supplier Biwin, GPU leader Moore Threads see stocks plunge despite revenue surge

South China Morning Post - Oct 29, 2026

Shares of Chinese semiconductor suppliers Biwin Storage Technology and Moore Threads tumbled on Thursday alongside a broader rout in mainland technology stocks, despite blockbuster third-quarter revenue driven by strong artificial intelligence demand. Both stocks plunged more than 10 per cent during Thursday morning trading, reversing Wednesday’s rallies of 8.4 per cent for Biwin and 5.8 per cent for Moore Threads. The tech-heavy Star 50 index in Shanghai also dropped more than 4 per cent,...

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EU natural gas prices top €100 for first time since 2022
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Urgent FBI warning over midterm scams targeting Americans' money
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New Vera C. Rubin telescope spots possible new dwarf planet beyond Pluto
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Elon Musk is a 'real genius', Putin says after satellite talks with SpaceX boss
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