KUALA LUMPUR, Dec 5 (Bernama) -- Bursa Malaysia closed lower on Friday amid mixed regional market performance as investors turned cautious over a possible rate hike by the Bank of Japan (BOJ) and upcoming US economic data that may influence the Federal Reserve’s (Fed) interest rate decision next week. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) pared most earlier losses to settle 4.55 points easier, or 0.28 per cent, to 1,616.52 from Thursday’s close of 1,621.07. The benchmark index, which opened 0.37 of-a-point lower at 1,620.70, moved between 1,609.67 and 1,621.25 throughout the day. The broader market was negative, with decliners outpacing advancers 604 to 439. A total of 550 counters were unchanged, 1,151 untraded, and 18 suspended. Turnover declined to 3.17 billion units worth RM2.24 billion from 4.48 billion units worth RM2.75 billion yesterday. Rakuten Trade Sdn Bhd vice-presiden...
Intel Corp. (INTC) shares jumped 7% on Thursday amid reports of a potential U.S. chipmaking partnership with TSMC, fueling heavy options trading activity.
🔹 Intel-TSMC Partnership Highlights
🔹 Baird analysts revealed that TSMC may send engineers to Intel’s foundry business, with talks of forming a jointly owned entity to benefit from U.S. Chips Act funding.
🔹 Intel’s foundry business lost $13.4 billion in 2024, lagging behind TSMC, making this partnership critical for Intel’s turnaround.
📌 Options Activity:
- Most traded call: $25 strike price expiring Feb 14 with 68,457 contracts traded and an open interest of 6,099.
📊 Unusual Options Activity
🔹 DoorDash (DASH.US): $190 calls had an open interest ratio of 241.3x, with 40,539 contracts traded, signaling strong bullish sentiment.
📌 Why It Matters:
✔️ Intel’s stock jump reflects optimism over the TSMC partnership and potential government support.
✔️ Options market activity signals high investor interest and speculation around both Intel and DoorDash.
✔️ The Chips Act funding could provide the financial backing Intel needs to regain competitiveness in the semiconductor industry.
🔍 What’s Next?
✔️ Investors will watch for official announcements from Intel and TSMC on partnership details.
✔️ Intel’s foundry turnaround progress and Chips Act funding approvals will be key drivers for future stock performance.
✔️ Options traders to monitor expiry outcomes and follow-up trades as positions close today (Feb 14).
📌 Intel’s TSMC partnership talks could reshape the U.S. semiconductor landscape, boosting investor confidence in both tech giants.
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