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.

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