News Formal

Asia chip stocks tank, dollar strengthens on Fed forecast

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 63%

대한민국 뉴스 뉴스

대한민국 최근 뉴스,대한민국 헤드 라인

Strong US retail sales suggest the US Federal Reserve is unlikely to ease up in its battle with inflation

Tokyo — Chip stocks took a beating on Thursday, sending most Asian share indexes lower, after grim signals from Micron Technology overnight about excess inventories and sluggish demand.

“Inflation is likely to remain elevated for some time ... because in the US, at least, it’s services that are driving inflation, and that can have greater persistency,” Salim Ramji, global head of ETFs and index investments at BlackRock, told the Reuters Global Markets Forum on Wednesday. Japan’s Nikkei lost 0.4% and South Korea’s Kospi dropped 1.1%, each led by declines in heavyweight chip players.

Investors are also reassessing the US monetary-policy outlook after consumer spending figures contradicted the narrative of the past week or so from cooler consumer and producer price data.

이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:

 /  🏆 12. in KR
 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

Business Maverick: Apple prepares to get made-in-US chips in pivot from AsiaThe company is preparing to begin sourcing chips for its devices from a plant under construction in Arizona, marking a major step toward reducing Apple’s reliance on Asian production.
출처: dailymaverick - 🏆 3. / 84 더 많은 것을 읽으십시오 »