Friday, 16 Jul 2021 11:11 AM MYT
A man rides a bicycle past a screen displaying Nikkei share average and stock indexes outside a brokerage in Tokyo December 30, 2020. Reuters pic
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TOKYO, July 16 Asian shares headed lower on Friday as profit-taking in Taiwanese chip giant TSMC, despite record profits, weighed on other tech firms and broader risk sentiment, while a more dovish US rates outlook kept bond yields near multi-month lows.
MSCI’s broadest index of Asia-Pacific shares outside Japan lost 0.35 per cent, weighed by a 1.2 per cent fall in Taiwanese shares after TSMC’s earnings on Thursday.
By Hideyuki Sano TOKYO (Reuters) - Asian shares headed lower on Friday as profit-taking in Taiwanese chip giant TSMC, despite record profits, weighed on other tech firms and broader risk sentiment, while a more dovish U.S. rates outlook kept bond yields near multi-month lows. MSCI s broadest index of Asia-Pacific shares outside Japan lost 0.35%, weighed by a 1.2% fall in Taiwanese shares after TSMC s earnings on Thursday. TSMC, Asia s biggest firm by market capitalisation outside China, fell almost 4% following its earnings on Thursday. While the world s largest contract chipmaker posted record quarterly sales and forecast higher revenue for the current quarter, investors took profits, fearing its best times could already be behind it.
Asian shares slip on broader risk sentiment - The Hindu BusinessLine thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
Asian shares slip as investors look past upbeat tech earnings
By Hideyuki Sano
Reuters
TOKYO (Reuters) - Asian shares headed lower on Friday as profit-taking in Taiwanese chip giant TSMC, despite record profits, weighed on other tech firms and broader risk sentiment, while a more dovish U.S. rates outlook kept bond yields near multi-month lows.
MSCI s broadest index of Asia-Pacific shares outside Japan lost 0.35%, weighed by a 1.2% fall in Taiwanese shares after TSMC s earnings on Thursday.
TSMC, Asia s biggest firm by market capitalisation outside China, fell almost 4% following its earnings on Thursday.
While the world s largest contract chipmaker posted record quarterly sales and forecast higher revenue for the current quarter, investors took profits, fearing its best times could already be behind it.
GLOBAL MARKETS-Asian shares slip as investors look past upbeat tech earnings reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.