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ASIA STOCKS: Early Weakness in Asian Tech Stocks

ASIA STOCKS
EM BulletAPACEmerging Market NewsBulletGlobalFixed Income BulletsForeign Exchange BulletsRegionMarkets
  • Large-cap Japanese tech stocks look slightly weaker in early morning trading, with Semiconductor names the worst performing.
  • Tokyo Electron -3.5%, Advantest -3.70% & Renesas -4.80%, while the Philadelphia SE Semiconductor Index closed 1.40% lower overnight.
  • Outside of tech stocks the market is mixed, with Consumer Staples the top performing sector, followed by Consumer discretionary with fast Retailing (Uniqlo Owners) +0.70%. 

  • Tech Headlines:  "Microsoft Announces $60 Billion Buyback, Raises Dividend 10%", "Intel to Make Custom AI Chip for Amazon, Delay German Plant" & "Apple Shares Slump as Analyst Warns of Weaker iPhone 16 Demand" - BBG

     

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  • Large-cap Japanese tech stocks look slightly weaker in early morning trading, with Semiconductor names the worst performing.
  • Tokyo Electron -3.5%, Advantest -3.70% & Renesas -4.80%, while the Philadelphia SE Semiconductor Index closed 1.40% lower overnight.
  • Outside of tech stocks the market is mixed, with Consumer Staples the top performing sector, followed by Consumer discretionary with fast Retailing (Uniqlo Owners) +0.70%. 

  • Tech Headlines:  "Microsoft Announces $60 Billion Buyback, Raises Dividend 10%", "Intel to Make Custom AI Chip for Amazon, Delay German Plant" & "Apple Shares Slump as Analyst Warns of Weaker iPhone 16 Demand" - BBG