Asian Stocks To Climb as TSMC Fuels Tech Rally: Markets Wrap
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Asian stocks are set to end the week on a high as Taiwan Semiconductor Manufacturing Co.’s outlook fueled hopes for a global tech recovery this year.
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Published Jan 18, 2024 • Last updated 17 minutes ago • 5 minute read
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(Bloomberg) — Asian stocks are set to end the week on a high as Taiwan Semiconductor Manufacturing Co.’s outlook fueled hopes for a global tech recovery this year.
Australian stocks rallied and equity futures in Japan and Hong Kong pointed to early gains after US shares snapped a two-day losing streak as bond-market volatility abated. Contracts for US equities were little changed in Asia trading after the tech-heavy Nasdaq 100 index closed at an all-time high as TSMC’s earnings spurred the biggest rally in chipmakers in more than a month.
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Bloomberg News
2024-01-18 17:48:58
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