Latest news with #TaiwanSemiconductorManufacturingCo.
Time of India
5 days ago
- Business
- Time of India
Asian stocks edge up after US gains, dollar dips
Asian stocks made a modest gain at the open Friday as a global equity rally gained fresh vigor on strong economic data that eased concerns about the US economy . The MSCI Asia Pacific Index rose 0.2% at the open. Equity-index futures for US gained after the S&P 500 and Nasdaq 100 set closing highs Thursday. Tech stocks rose as a bullish outlook from Taiwan Semiconductor Manufacturing Co. bolstered confidence in artificial-intelligence spending. Netflix Inc. also reported strong earnings and raised its forecast. Explore courses from Top Institutes in Select a Course Category Public Policy Digital Marketing MBA healthcare Project Management Operations Management Design Thinking Product Management Leadership Healthcare Management Technology Data Analytics CXO Data Science Cybersecurity Data Science Artificial Intelligence MCA Finance PGDM others Degree Others Skills you'll gain: Duration: 12 Months IIM Calcutta Executive Programme in Public Policy and Management Starts on undefined Get Details Skills you'll gain: Economics for Public Policy Making Quantitative Techniques Public & Project Finance Law, Health & Urban Development Policy Duration: 12 Months IIM Kozhikode Professional Certificate Programme in Public Policy Management Starts on Mar 3, 2024 Get Details The yen steadied as Japan's key price measure cooled a tad more than expected, while remaining well above the Bank of Japan's target. The dollar dipped as Federal Reserve Governor Christopher Waller said policymakers should cut interest rates this month to support a labor market that is showing signs of weakness. Treasuries rose as yields on the 10-year fell for a third day. The cross-asset moves were a sign of bullish risk appetite a day after speculation President Donald Trump would fire Jerome Powell sent volatility spiking. The gains in equities reflected strong economic data and confidence US companies will deliver robust second-quarter earnings, calming the uncertainty caused by Trump's tariff war. 'As long as the economy continues to expand and unemployment remains low, then people will continue to spend and the flywheel can keep generating higher profits, which is the engine for higher stock prices,' said Chris Zaccarelli at Northlight Asset Management. Live Events A June advance in US retail sales tempered concerns about weaker consumer spending. Applications for US unemployment benefits declined for a fifth straight week to the lowest since mid-April, showing a resilient job market. Elsewhere, a White House shift on US chip bans that impacts Nvidia Corp. and Advanced Micro Devices Inc. has spurred talk of a grand tech bargain between Washington and Beijing. Separately, the US Commerce Department imposed preliminary anti-dumping duties on Chinese imports of graphite, a key battery component. Fed Bank of San Francisco President Mary Daly said it's reasonable for policymakers to plan on two rate cuts this year, emphasizing that the central bank should not wait too long before moving. Fed Governor Adriana Kugler said officials should keep holding rates steady 'for some time,' citing accelerating inflation as tariffs start to boost prices. ETMarkets WhatsApp channel )
5 days ago
- Business
How major US stock indexes fared Thursday, 7/17/2025
Wall Street rose to more records following some better-than-expected updates on the economy. The S&P 500 climbed 0.5% Thursday, beating the all-time high it set last week. The Dow Jones Industrial Average added 0.5%, and the Nasdaq composite gained 0.7%. PepsiCo jumped 7.5% after delivering revenue and profit that topped Wall Street's expectations. A strong profit report from Taiwan Semiconductor Manufacturing Co. lifted tech stocks. That helped offset drops for some big health care companies following their latest profit reports. Treasury yields held mostly steady after better-than-expected reports on retail sales and unemployment claims. On Thursday: The S&P 500 rose 33.66 points, or 0.5%, to 6,297.36. The Dow Jones Industrial Average rose 229.71 points, or 0.5%, to 44,484.49. The Nasdaq composite rose 153.78 points, or 0.7%, to 20,884.27. The Russell 2000 index of smaller companies rose 26.70 points, or 1.2%, to 2,253.68. For the week: The S&P 500 is up 37.61 points, or 0.6%. The Dow is up 112.98 points, or 0.3%. The Nasdaq is up 298.74 points, or 1.5%. The Russell 2000 is up 18.85 points, or 0.8%. For the year: The S&P 500 is up 415.73 points, or 7.1%. The Dow is up 1,940.27 points, or 4.6%. The Nasdaq is up 1,573.47 points, or 8.1%. The Russell 2000 is up 23.52 points, or 1.1%.
The Mainichi
5 days ago
- Business
- The Mainichi
TSMC to start 2nd Japan plant construction later this year
TAIPEI (Kyodo) -- The world's largest contract chipmaker, Taiwan Semiconductor Manufacturing Co., will start construction of its second plant in Japan later this year, the company's chief executive officer said Thursday. C.C. Wei's remark comes as The Wall Street Journal reported earlier this month that the manufacturer plans to again delay the construction of the factory in Kumamoto Prefecture to prioritize investment in its U.S. operations to avoid tariffs. "The construction of our second specialty fab is scheduled to start later this year, subject to the readiness of the local infrastructure," Wei said at a press conference. TSMC has said it aims to build the plant next to its first Japanese plant that started volume production in late 2024 to produce more advanced 6-nanometer chips. The company originally planned to begin construction of the second plant by March but it pushed it back to by the end of this year. The U.S. news outlet reported on July 4 that the company plans further delays.
The Mainichi
5 days ago
- Business
- The Mainichi
Tokyo stocks end higher after robust TSMC earnings
TOKYO (Kyodo) -- Tokyo stocks ended higher Thursday, as heavyweight chip shares trimmed earlier losses after robust earnings from Taiwan Semiconductor Manufacturing Co. helped ease concern about the outlook on the business environment. The 225-issue Nikkei Stock Average rose 237.79 points, or 0.60 percent, from Wednesday at 39,901.19. The broader Topix index finished 20.41 points, or 0.72 percent, higher at 2,839.81. On the top-tier Prime Market, gainers were led by service, pharmaceutical, information and communication issues. The U.S. dollar climbed to the upper 148 yen range in Tokyo, as the yen was sold amid concerns over possible fiscal deterioration through expansionary policies if Japan's ruling parties lose their majority in the House of Councillors in Sunday's election, dealers said. The Nikkei stock index was initially pressured by chip-related shares after ASML Holding N.V., a major global supplier of chip-making equipment, flagged concern about its 2026 growth outlook on Wednesday amid macroeconomic and geopolitical uncertainty. However, chip issues erased much of their losses after the world's largest contract chipmaker released solid earnings in the afternoon, helping to lift the market. "While stocks have been directionless this week (ahead of the election and earnings releases), the market largely reflected the moves of chip shares," said Yuta Okamoto, market analyst at Tokai Tokyo Intelligence Laboratory Co. Among notable gainers, land transportation issues drew buying after data showed Wednesday that Japan saw a record 21.5 million foreign visitors in the first half of 2025, while the number for June hit the highest ever for the month. Meanwhile, Seven & i Holdings ended down 9.2 percent at 2,007.5 yen after Canadian retailer Alimentation Couche-Tard Inc. said it has withdrawn its $47 billion buyout proposal.
Bloomberg
11-07-2025
- Business
- Bloomberg
Prime Day Shoppers Scour Amazon and Rivals for the Best Price
Welcome to Tech In Depth, our daily newsletter about the business of tech from Bloomberg's journalists around the world. Today, Spencer Soper reports on what we can interpret from the early purchases during Amazon's Prime Day sales event. The AI boom goes on: Sales at Taiwan Semiconductor Manufacturing Co. jumped 39% in the June quarter, surprising analysts, and suggesting no slowdown in the post-ChatGPT boom in artificial intelligence spending.
