Mixed signals push US and global SEMIndexes down
MAY 29--Mixed industry indicators turned back the previous weeks' gains on the US SEMIndex, a market-weighted equity index of 48 US-based manufacturers of semiconductor equipment and materials.
MAY 29--Mixed industry indicators turned back the previous weeks' gains on the US SEMIndex, a market-weighted equity index of 48 US-based manufacturers of semiconductor equipment and materials. The US index retreated 10.36%, moving from 224.81 to 201.51, according to Semiconductor Equipment and Materials International (SEMI; San Jose, CA; www.semi.org). By comparison, the tech-laden Nasdaq Composite Index lost 2.36% this week, and the Philadelphia Semiconductor Index (SOX) decreased 6.54% during the same period.
The global SEMIndex, down 8.29% the past five days, from 209.61 to 192.23, is a composite index of 66 global SEMI members in the USA, Japan, and Europe. It is comprised of public semiconductor equipment, materials, and related-services companies with individual market capitalizations of $50 million (US equivalent) or more.
SEMIndex is updated every one to two minutes throughout the global trading day and maintained on SEMI's investor Web site www.semindex.org. SEMIndex differentiates the stock performance of global semiconductor equipment and materials (SEM) public companies from the SOX index, a more semiconductor-specific equity index comprised of 12 US-only chip manufacturers and four of the largest SEM-sector US public companies.
SEMIndex was initiated on January 4, 1999, at a value of 100. It is produced for SEMI by InvestorCom Inc. (New York).