TW

Asian shares rise, yen climbs as BOJ battles bond bears

https://tmsnrt.rs/2zpUAr4 BOJ is under intense pressure as it defends its yield policy Yen hits 7-mth high, yuan climbs as dollar eases Hopes for rapid China recovery aids most Asia stocks More earnings ahead, many central bank speakers SYDNEY, Jan 16 (Reuters) – Asian shares firmed on Monday as optimism about China’s reopening offset concerns the …

Asian shares rise, yen climbs as BOJ battles bond bears Read More »

TSMC cuts 2023 capex after record Q4 as chip demand weakens

Q4 profit T$295.9 bln vs T$289.44 bln analyst view Q4 revenue up 26.7% over the year at $19.93 bln Sees 2023 capex at $32-36 bln vs $36.3 bln a year prior Company plans to ramp up production overseas TAIPEI, Jan 12 (Reuters) – Taiwanese chipmaker TSMC (2330.TW) warned on Thursday that first-quarter revenue would drop …

TSMC cuts 2023 capex after record Q4 as chip demand weakens Read More »

Stocks, bonds extend precarious rally on hopes rate hikes ease

European, Asian stocks up 1% as 2023 optimism continues Oil slides on lingerie demand concerns Dollar falls as euro bolstered by inflation data LONDON, Jan 4 (Reuters) – Shares rose and bonds rallied worldwide on Wednesday as investors tiptoed into the new year with tentative optimism after a brutal 2022, looking to encouraging inflation data …

Stocks, bonds extend precarious rally on hopes rate hikes ease Read More »

TSMC starts volume production of most advanced chips in Taiwan

TAINAN, Taiwan, Dec 29 (Reuters) – Chipmaker Taiwan Semiconductor Manufacturing Company Ltd (TSMC)(2330.TW), began mass production of its most advanced chips in southern Taiwan on Thursday and the company’s chairman said it would continue to expand capacity on island. The long-awaited mass production of chips with 3-nanometer technology comes as attention focuses on the world’s …

TSMC starts volume production of most advanced chips in Taiwan Read More »

Wall St stocks fall, oil rises as China drops quarantine rule

NEW YORK Dec 27 (Reuters) – The S&P 500 and the Nasdaq fell on Tuesday after the release of US economic data at the start of a holiday-shortened week, while oil prices rose on demand hopes after China said it would scrap its COVID- 19 quarantine rule for inbound travelers. US Treasury yields rose after …

Wall St stocks fall, oil rises as China drops quarantine rule Read More »

Wall St ends higher, Treasury yields rise after data flurry

PCE inflation, consumer spending cools Oil surges on supply concerns following Russia sanctions S&P 500, Nasdaq on course for third weekly loss NEW YORK, Dec 23 (Reuters) – Wall Street shuffled to a modestly higher close on Friday and Treasury yields advanced as investors digested a deluge of economic data ahead of the Christmas holiday …

Wall St ends higher, Treasury yields rise after data flurry Read More »

Falling stocks and bruised dollar reel from BOJ’s surprise policy shift

LONDON, Dec 20 (Reuters) – World stocks slid on Tuesday after a policy tweak by Japan’s central bank rattled investors already worried about the economic fallout of rising interest rates and untameable inflation. The Bank of Japan (BOJ) widened the allowable band for long-term yields to 50 basis points either side of its 0% target, …

Falling stocks and bruised dollar reel from BOJ’s surprise policy shift Read More »

Foxconn unit to sell stake in Chinese chip firm Unigroup

TAIPEI, Dec 17 (Reuters) – Taiwan’s Foxconn (2317.TW), the world’s largest electronics contract maker, said on Friday its subsidiary in China has agreed to sell its entire equity stake in embattled Chinese chip conglomerate Tsinghua Unigroup. Taiwan has turned a wary eye on China’s ambition to boost its semiconductor industry and is tightening legislation to …

Foxconn unit to sell stake in Chinese chip firm Unigroup Read More »