Asian stocks sink as US-China trade tensions spark technology rout

Investing.com-- Most Asian stocks fell on Thursday, with losses centered around technology and chipmaking shares as the threat of more U.S. restrictions on China ramped up concerns over a renewed trade war between the countries.

The Bloomberg report said that the U.S. is considering stricter trade restrictions on China if companies including Tokyo Electron and ASML Holding NV ADR , which is also considered a bellwether for the chip industry, clocked stronger-than-expected earnings on Wednesday, as it benefited from AI-fueled demand.fell 0.3%, retreating from record highs as a substantially stronger-than-expected reading on the labor market pushed up concerns over higher interest rates in the country.

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Asian stocks drift higher with China trade, inflation in focusAsian stocks drift higher with China trade, inflation in focus
La source: Investingcom - 🏆 450. / 53 Lire la suite »

Asian stocks fall amid China-EU trade jitters; inflation in focusAsian stocks fall amid China-EU trade jitters; inflation in focus
La source: Investingcom - 🏆 450. / 53 Lire la suite »

Asian stocks rise with Nikkei at record highs, China lags on trade fearsAsian stocks rise with Nikkei at record highs, China lags on trade fears
La source: Investingcom - 🏆 450. / 53 Lire la suite »

Asian stocks dip as China trade risks persist; more rate cues awaitedAsian stocks dip as China trade risks persist; more rate cues awaited
La source: Investingcom - 🏆 450. / 53 Lire la suite »

Asian stocks fall as Micron sparks tech losses, China data weighsAsian stocks fall as Micron sparks tech losses, China data weighs
La source: Investingcom - 🏆 450. / 53 Lire la suite »

Morning Bid: Asian stocks at 2-year high; China, Indonesia set ratesMorning Bid: Asian stocks at 2-year high; China, Indonesia set rates
La source: Investingcom - 🏆 450. / 53 Lire la suite »