Asian markets slid across the board following the weaker US session on Thursday. Robust US data contributed to pressure on the capital markets. Downbeat Chinese data affected the regional markets across the board. expected increase in US consumer prices, which has strengthened the argument for the Federal Reserve to maintain higher interest rates for an extended period.
These indicators suggest the persistence of deflationary pressures in the Chinese economy, contributing to the negative sentiment in the stock market. On Friday, Taiwan's chipmaker TSMC secured a waiver extension from the United States , allowing the company to continue supplying US chip equipment to its factories in China. This development reflects the intricacies of global supply chains and the strategic importance of technology and semiconductor production.
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