Investing.com-- Most Asian stocks were muted on Friday amid uncertainty over U.S. interest rates and the upcoming presidential election, while Chinese shares turned positive on data showing the economy grew as expected.
Regional markets took muted cues from a mostly flat overnight session on Wall Street. While investors did cheer signs of resilience in the U.S. economy, this enthusiasm was largely undercut by bets on a smaller upcoming interest rate cut by the Federal Reserve.Still, Friday’s gains helped Chinese stocks recoup a bulk of their weekly losses, putting them on track for a muted weekly performance.
TSMC is widely considered as a bellwether for the chipmaking industry, and flagged increasing demand from AI for the sector.
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