Emerging-market stocks have longest selloff in year on tech rout

📆 18-07-24 12:46:00
📰 BNNBloomberg

⏱ Reading Time:
28 sec. here
16 min. at publisher
📊 Quality Score:
News: 63%
Publisher: 50%

Bonds Nouvelles

Business,Company News,White House

Emerging-market stocks headed for the longest streak of losses in almost a year as rising fears of a trade war between the U.S. and China hit Asian tech companies.

The Port of Keelung in Keelung, Taiwan, on Thursday, Aug. 4, 2022. --

Taiwan Semiconductor Manufacturing Co. fell as much as four per cent after former U.S. President Donald Trump questioned whether the U.S. has a duty to defend Taiwan, speaking in a Bloomberg Businessweek interview. The U.S. is also mulling stricter chip curbs on China, Bloomberg News reported, triggering a tech stock selloff as investors pondered the fallout for the world’s largest semiconductor arena.

Asian tech stocks pared losses after TSMC lifted projections for 2024 revenue growth and said quarterly results beat estimates.

Écrire un Commentaire

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

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.

Saudi Arabia Dethrones China as Top Emerging-Market BorrowerSaudi Arabia has displaced China as the most prolific issuer of international debt among emerging markets, breaking Beijing’s 12-year run at the top.
La source: BNNBloomberg - 🏆 83. / 50 Lire la suite »

Morning Bid: Asian stocks at 2-year high; China, Indonesia set ratesInvestors in Asia go into Thursday in a bullish mood with Asian stocks at two-year highs, boosted by strength in tech and calm across global markets that is ...
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »