Asian stocks fall as Micron sparks tech losses, China data weighs

  • 📰 Investingcom
  • ⏱ Reading Time:
  • 34 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 53%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

Asian stocks fall as Micron sparks tech losses, China data weighs

Investing.com-- Most Asian stocks fell on Thursday as technology shares tracked weakness in their U.S. peers following underwhelming guidance from chipmaking major Micron.

Regional markets took middling cues from Wall Street, which ended a smidge higher in choppy trade. But U.S. stock index futures sank on Thursday as middling revenue guidance from the Micron Technology Inc (NASDAQ:While Micron’s quarterly earnings beat expectations, its revenue guidance for the current quarter disappointed investors hoping for more, especially given that the stock was sitting on an over 100% valuation spike since last year. Micron sank nearly 8% in after-hours trade.

The Chinese Communist Party is set to hold its Third Plenum- a key meeting of high-level officials- in July, where it is likely to unveil more economic support.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
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:

 /  🏆 450. in CA

Canada Canada Latest News, Canada Canada 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 shares mostly lower as China reports factory output slowedShares are mixed in Asia after China reported its factory output slowed in May, with the property market still in the doldrums.
Source: ksatnews - 🏆 442. / 53 Read more »

Stock market today: Asian shares mostly lower as China reports factory output slowedShares are mixed in Asia after China reported its factory output slowed in May, with the property market still in the doldrums.
Source: wjxt4 - 🏆 246. / 63 Read more »

Man who targeted Asian business owners with robbery crew headed to prisonThe group robbed more than 50 Asian and Asian-American business owners, authorities said.
Source: njdotcom - 🏆 282. / 63 Read more »

Asian stocks drift higher with China trade, inflation in focusAsian stocks drift higher with China trade, inflation in focus
Source: Investingcom - 🏆 450. / 53 Read more »

Asian stocks fall amid China-EU trade jitters; inflation in focusAsian stocks fall amid China-EU trade jitters; inflation in focus
Source: Investingcom - 🏆 450. / 53 Read more »