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Asian stocks fall as US-China jitters persist; TSMC sparks little cheer

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Asian stocks fall as US-China jitters persist; TSMC sparks little cheer

Investing.com-- Most Asian stocks fell on Friday amid persistent concerns over a renewed trade war between the U.S. and China, while positive earnings from TSMC did little to stop a rout in technology stocks.

U.S. stock index futures rose mildly in Asian trade, as a rout on Wall Street appeared to be somewhat easing. Focus also turned to a slew of key U.S. earnings due in the coming days, with majors including Microsoft Corporation clocked stronger-than-expected earnings for the second quarter, and upgraded its outlook on the prospect of strong demand from artificial intelligence.

 

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