Rising Yields Hurt Asian Stocks, but China’s Stimulus Hopes Reduce Losses
After overnight U.S. Treasury rate rises, most Asian stock markets fell on Thursday, with technology-heavy bourses leading losses. However, China’s stimulus plans are limited.
After overnight U.S. Treasury rate rises, most Asian stock markets fell on Thursday, with technology-heavy bourses leading losses. However, China’s stimulus plans are limited.
ASML’s strong results lifted technology stocks and earnings season expectations on Wednesday. Inflation and interest rate concerns capped advances.
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Today, Axios reports that Microsoft Corporation (NASDAQ:MSFT) has laid off approximately 1,000 people.
The Australian stock market declined on Monday evening, with losses in the Gold, Materials, and Energy sectors driving the downturn.