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Global News Impacting Chinese Tech

US stocks traded mixed and the major indices finished mostly in the red amid tech weakness, firmer inflation and ongoing geopolitical impasse – Newsquawk Daily Asia-Pac Market Open

News Snapshot:

US stocks were mixed on Tuesday, and the major indices finished mostly in the red as participants reflected on geopolitics and firmer-than-expected inflation data, although the Dow was slightly firmer. Sector performance was also varied as Health Care, Consumer Staples and Energy outperformed, while Technology, Consumer Discretionary and Industrials lagged. Furthermore, Tech weighed on the broader market as semiconductor names saw profit taking after recent outperformance, although equities did pare the majority of losses into the close as chip stocks bounced from intraday lows without a clear driver. Nonetheless, the geopolitical backdrop remained tense, with markets continuing to focus on…

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