Chip stocks rebound ahead of megacap earnings

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SINGAPORE: Asia's stock markets steadied on Tuesday as semiconductor shares bounced back to break an expensive losing streak, while a bleak demand outlook from China dragged down commodity prices and investors turned their attention to U.S.earnings and data.

"The lack of any further support measures for China's property sector has seen sentiment weaken," ANZ analysts said in a note to clients.

"Markets are a bit rudderless right now.There's...three competing themes or narratives that have not settled yet," said Cambridge Associates Asia head and global investment strategist Aaron Costello.

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Category: EconomyBusiness

Markets: MalaysiaAustraliaChinaFranceJapanNew ZealandSingaporeTaiwan

Topics: TSMC /Business/Business News MSCI Asian Semiconductor Donald Trump Markets

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-23 @ 14:12:00 (2 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 683 words

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