Traders cautious amid mixed signals from China

Quick Summary:

RECAP: Asian stocks traded cautiously yesterday after mixed readings on the health of China's economy.

The dollar traded close to an 11-week high as robust US economic data suggested the Federal Reserve need not cut interest rates too aggressively.

Taiwan Semiconductor Manufacturing Co (TSMC) has raised its target for 2024 revenue growth to 30% in dollar terms after quarterly results beat estimates, with a 54% rise in September-quarter net profit.

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Category: EconomyBusiness

Markets: ThailandCanadaChinaGermanyJapanTaiwanVietnam

Topics: First Japan China Billion Year Investors Thursday September Baht Expected Bank

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-19 @ 04:00:00 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 1245 words

Reading Time: 7 minutes read

Sentences: 51 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bangkok Post

News ID: 23123414

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About Bangkok Post

Main Topics: EconomyBusiness

Official Website: bangkokpost.com

Update Frequency: 13 posts per day

Year Established: 1946

Headquarters: Thailand

News Last Updated: 7 hours ago

Coverage Areas: Thailand

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #66

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