Asian stocks rise with TSMC earnings on tap; Rate fears limit gains

Investing.com-- Most Asian stocks recovered from recent losses on Thursday, shrugging off a weak lead-in from Wall Street as investors bet on a strong earnings report from top chipmaker TSMC to spur a rally in technology.

Asian stocks rose past a weak overnight session on Wall Street, which was marked chiefly by a rout in chipmaking stocks following disappointing earnings from semiconductor technology maker ASML Holding NV (AS:Still, bigger gains in Asian markets were held back by persistent concerns over higher-for-longer U.S. interest rates, especially after hawkish signals from the Federal Reserve this week.indexes rose 0.

But weaker-than-expected quarterly earnings from ASML, which plays a key role in the global chipmaking industry, still put some investors on edge over a potential slowdown in AI demand.Gains in broader Asian markets were held back by concerns over higher-for-longer U.S. interest rates, with most regional benchmarks still nursing steep losses so far in April.. But labor conditions still remained largely tight, giving the Reserve Bank of Australia more headroom to keep rates higher for longer.

Nigeria Nigeria Latest News, Nigeria Nigeria 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 decline after Wall Street drop on rate cut concernsAsian shares are mostly declining after a Federal Reserve official said the central bank might not deliver any of the cuts to interest rates this year that Wall Street has been counting on. Benchmarks fell in Tokyo, Sydney and Seoul and was little changed in Hong Kong. On Wall Street, the S&P 500 dropped 1.
Source: AP - 🏆 728. / 51 Read more »

Stock market today: Asian shares mostly decline after Wall Street drop on rate cut concernsAsian shares are mostly declining after a Federal Reserve official said the central bank might not deliver any of the cuts to interest rates this year that Wall Street has been counting on. Benchmarks fell in Tokyo, Sydney, Seoul and Hong Kong. On Wall Street, the S&P 500 dropped 1.2% Thursday for its worst day since February.
Source: AP - 🏆 728. / 51 Read more »

Asian stocks fall as Taiwan earthquake rattles sentiment, rate fears persistAsian stocks fall as Taiwan earthquake rattles sentiment, rate fears persist
Source: Investingcom - 🏆 450. / 53 Read more »

Asian stocks: China rises, others mixed as Powell dampens rate cut hopesAsian stocks: China rises, others mixed as Powell dampens rate cut hopes
Source: Investingcom - 🏆 450. / 53 Read more »

Asian stocks tumble on US rate jitters, China GDP helps soothe lossesAsian stocks tumble on US rate jitters, China GDP helps soothe losses
Source: Investingcom - 🏆 450. / 53 Read more »