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The S&P 500 traded in negative territory for much of the session but extended gains after Twitter's announcement. . Read more at straitstimes.com.

U.S. stock indexes fell on Monday, extending a sharp selloff from last week as fears over China's COVID-19 outbreaks spooked investors already worried about faster U.S. interest rate hikes denting economic growth. The worries reverberated across world markets, with Chinese shares marking their biggest slump since a pandemic-led selling in February 2020 and European stocks falling to their lowest in over a month on fears of strict restrictions in China.

SEMICONDUCTORS <strong>Silicon Motion mulls sale</strong> Silicon Motion Technology Corp (慧榮科技) is exploring a potential sale amid takeover interest, people familiar with the matter have said. The semiconductor company is working with advisers as it holds talks with potential buyers, the people said. Silicon Motion makes NAND flash controllers for solid-state storage devices, its Web site says. It also supplies data centers, and makes specialized industrial and automotive solid-state drives. The company’s American depositary receipts have fallen about 19 percent this year...

Stocks that traded heavily or had substantial price changes Monday: Exxon Mobil, Lennox fall; Twitter, PS Business Parks rise

U.S. stock indexes fell on Monday, extending a sharp selloff from last week as fears over China's COVID-19 outbreaks spooked investors already worried about faster U.S. interest rate hikes denting economic growth. The worries reverberated across world markets, with Chinese shares marking their biggest slump since a pandemic-led selling in February 2020 and European stocks falling to their lowest in over a month on fears of strict restrictions in China.