Asia stocks see bright side after Nvidia sounds upbeat

“The semiconductor sector has been troubled, but signs of recovery are picking up,” said Kiyong Seong, lead Asia macro strategist at Societe Generale in Hong Kong. “Markets have positioned for a recovery in the second half of this year so anything supportive of that is helpful for prices.”

Currency trade was lightened by a holiday in Japan but the drift was in line with the broader mood – sending the dollar down a little bit in favour of riskier currencies. Oil nursed sharp Wednesday losses, and Brent crude futures clung to support around $80 a barrel on Thursday. Wall Street indexes fell overnight and are eyeing their worst week of the year so far as stronger-than-forecast U.S. labor, inflation, retail sales and manufacturing figures have traders pricing interest rates staying higher for longer.

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Microsoft inks Nvidia game deal to assuage regulators over Activision merger - BusinessWorld OnlineBRUSSELS – Microsoft Corp. has struck a 10-year deal to bring “Call of Duty” and other Activision games to Nvidia Corp’s gaming platform if the Xbox maker is allowed to complete its much-contested $69 billion acquisition of Activision. Regulators and competitors like Sony have come out hard against the proposed Microsoft–Activision tie-up. The move may allay concerns by ensuring more ways for consumers to get games controlled by Microsoft, but regulators around the […]
Source: bworldph - 🏆 9. / 68 Read more »