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International Business News: The Chinese government, under President Xi Jinping, has maintained a measured response to a series of US trade restrictions during a politically charg

(Bloomberg) -- The US plans to award Micron Technology Inc. $6.1 billion in grants and as much as $7.5 billion in loans to help the memory-chip maker build new American factories, rounding out a slew of major federal awards for advanced semiconductor manufacturing. Most Read from BloombergBiden’s Gains Against Trump Vanish on Deep Economic Pessimism, Poll ShowsMalaysia in Talks With Tycoons on Casino to Revive $100 Billion Forest CityZuckerberg Asks for Patience as Meta’s AI Push Spooks Investor

Tech stocks are yet again set to sway the wider markets after a lacklustre forecast from Facebook parent Meta Platforms sparked a broad sell-off across regions. Asian tech stocks followed suit and were down 2%, with tech heavy Taiwan and South Korean stocks both down 1%. Deutsche Bank, BNP Paribas SA and Barclays Plc are due to report their earnings and the focus will be on their net interest margin especially with interest rates in Europe and UK priced to fall in the second half of the year.

US stocks finished broadly flat on Wednesday after a turbulent trading session, with eyes firmly fixed on corporate results as earnings season gets into full swing.

A look at the day ahead in European and global markets from Ankur Banerjee Tech stocks are yet again set to sway the wider markets after a lacklustre forecast from...