Page 9 - Asian Tech News Today : Breaking News, Live Updates & Top Stories | Vimarsana

But growth was soft. Thats not something the fed wants to hear. Similarly you take a look at data out of japan, tokyo cpi, even accounting for the start of education subsidies, something the boj might not want to hear, but we are still seeing stocks powering ahead today and this is six in large part to what we got on the earnings front, you had microsoft and alphabet. It really showed how ai is fueling growth. Stocks are reversing, some of the softness from yesterday. We are seeing chinese tech, really stealing the limelight and hong kong markets headed for their best week since 2022. The yen ...

But today, we see how metas outlook drag markets into negative territory after disappointing markets. But we have that outlier in hong kong where they hang seng, as you know, has been among the top performers globally this week, and hang seng tech is actually pulling ahead as well, but we are seeing a lot of concern for the japanese currencies, so lets take a closer look at what we are seeing on dollaryen. It has breached the 155 level. Take a look at how it has gone past remember when 152 seemed to be the line in the sand. We have gone way past that now. This is the weakest level we have seen...

Samsung. But also how it points to this bottoming out in the chip market and potentially the recovery for semiconductor demand. Were actually seeing sk hynix starting today on the back foot, sliding about 3 now is investors digest that scorecard. Potentially what we got from med is bringing from meta is bringing the downdraft into the korean session. The outperformer among the asian currencies looks to be reversing some of that today. We also have the open in japan. One of the things we will be watching out for has been the japanese currency which has breached the 155 level. This has got to do...

Beijing. Yvonne it seems like the stress of the markets easing off a bit, which is a good sign. It is how you read the sentiment. Is it that the valuations are overstretched, uncertainty over tax reform, also, is it just the end of the year and traders are closing their books . It seems traders are using this opportunity to buy. Betty it seems to be the mantra you keep hearing these days. Adding to the media mentions of buy the dip. These markets have been going up and up it is about time for a correction. It would not be a surprise. He seems to be in that camp, once we see a correction, it is...

Announced he would step down. Bloomberg and Bloomberg Technology is next. This is Bloomberg Technology. Coming up, u. S. Tax reform clears the house. We will discuss what comes next and what it means for tax caps. Plus, inside googles fake news fight. Behind the spike in tech ipos in asia. But first, to our lead. Lawmakers have passed their version of the u. S. Tax code. Ratesshes Corporate Tax while adding over 1 trillion to the deficit over the next decade. The senate is preparing its own version of the bill, one would one that would delay the Corporate Tax cut for a year. Joining me now, we...