US News

Asian shares slip as investors look past upbeat tech earnings

Published by
Reuters

By Hideyuki Sano TOKYO (Reuters) – Asian shares headed lower on Friday as profit-taking in Taiwanese chip giant TSMC, despite record profits, weighed on other tech firms and broader risk sentiment, while a more dovish U.S. rates outlook kept bond yields near multi-month lows. MSCI’s broadest index of Asia-Pacific shares outside Japan lost 0.35%, weighed by a 1.2% fall in Taiwanese shares after TSMC’s earnings on Thursday. TSMC, Asia’s biggest firm by market capitalisation outside China, fell almost 4% following its earnings on Thursday. While the world’s largest contract chipmaker posted recor…

Read More

Facebook Comments

Check Also

U.S. consumer spending rises strongly in June; inflation increases

Published by Reuters WASHINGTON (Reuters) – U.S. consumer ...

Archives