Shares of Chinese chipmaker WingTech fell 10% after the Dutch government took control of its subsidiary, Nexperia

Shares of Chinese company Wingtech, listed on the Shanghai Stock Exchange, fell 10% at the open on Tuesday, hitting the daily limit for the second straight session following the Dutch government’s decision. Take control Its subsidiary, Nexperia, is based in the Netherlands.

The Dutch Minister of Economic Affairs revealed on October 12 that the decision taken under the Availability of Goods Act regarding the company in September was intended to “prevent a situation in which goods produced by Nexperia (finished and semi-finished products) become unavailable in emergency situations.”

Nexperia specializes in mass production of chips used in cars, consumer electronics and industrial products, making it vital to maintaining Europe’s technology supply chains.

In South Korea, the benchmark Kospi rose 1.01% to an all-time high of 3,646.67. The construction and mining sectors led gains on the index, with Korean Zinc rising 17.95% and Tongyang Corp rising 17.49%.

Shares of LG Energy Solution rose more than 7%, rising for the second straight session after the battery maker estimated its third-quarter operating profit would rise 34%, boosted by US demand for electric vehicles ahead of the Sept. 30 phase-out of government incentives.

Samsung Electronics shares advanced 2.47% after the company Expected A 32% increase in third-quarter profit year-on-year, to about KRW 12.1 trillion ($8.48 billion), beating LSEG SmartEstimates’ forecast of 10.1 trillion won.

Meanwhile, the small-cap Kosdaq rose 0.84%.

Japan standard Nikki 225 The index fell 1.34%, while the Topix index lost 1.31%.

SoftBank shares fell more than 5% after its subsidiary, British chip designer Arm, was working with OpenAI in its deal with Broadcom, according to technology publication The Information. On Monday in the US, OpenAI and Broadcom Make their partnership official To build and deploy 10 gigawatts of AI accelerators starting late next year.

Australia’s ASX/S&P 200 index was flat.

Hong Kong Hang Seng Index The index opened 0.75% higher, while the Hang Seng Tech added 0.9%. The CSI 300 in mainland China advanced 0.87%.

Singapore’s economy grew by 2.9% in the third quarter, preliminary government data showed on Tuesday, faster than the 1.9% forecast of economists polled by Reuters. The economy grew by 4.4% in the second quarter.

US stock futures were little changed in the early Asian hours. On Monday in the United States, major indices recovered a large portion of their losses incurred last week after US President Donald Trump softened his stance toward China.

After a series of mutual trade restrictions and heated exchanges, Trump He said “Don’t worry about China, everything will be fine!” In Monday’s Social Truth post.

China imposed fees on American ships for docking in its ports, in response to similar fees imposed by Washington on Chinese ships. Both fees are scheduled to begin Tuesday.

overnight, Dow Jones Industrial Average It closed up 587.98 points, or 1.29%, to 46,067.58, which is equivalent to 67% of its loss on Friday. the Standard & Poor’s 500 The index rose 1.56% to close at 6,654.72, down 56% from its previous low. the Nasdaq Composite It rose 2.21% to settle at 22,694.61 as distressed technology stocks led the rebound.

— CNBC’s Dylan Potts, Alex Haring, Sarah Main and Fred Imbert contributed to this report.