Investing.com-- Most Asian stocks fell on Thursday amid persistent fears of sticky inflation inviting high interest rates, with the technology sector seeing the steepest declines as investors also locked-in recent profits.
Major chipmaking stocks- which had the highest amount of exposure to the recent AI rally- were the biggest decliners. Japan’s)- the biggest chipmaker in China. The stock jumped nearly 4% after recent data showed it had become the third-largest chipmaker in the world by foundry capacity.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stock market today: Asian markets wobble after Fed sticks with current interest ratesAsian markets are wobbling in early trading after U.S. stocks swung to a mixed finish with the Federal Reserve delaying cuts to interest rates.
Source: wjxt4 - 🏆 246. / 63 Read more »
Stock market today: Asian markets wobble after Fed sticks with current interest ratesAsian markets are wobbling in early trading after U.S. stocks swung to a mixed finish with the Federal Reserve delaying cuts to interest rates. U.S. futures surged and oil prices were higher. The Japanese yen surged in early Asia hours, but then fell and erased the previous gains.
Source: AP - 🏆 728. / 51 Read more »
Stock market today: Asian markets wobble after Fed sticks with current interest ratesAsian markets are wobbling in early trading after U.S. stocks swung to a mixed finish with the Federal Reserve delaying cuts to interest rates.
Source: ksatnews - 🏆 442. / 53 Read more »