The Digital Source For China's Tech Innovation Since 2000

China Tech Buzz

Global News Impacting Chinese Tech

US stocks finished mixed with most major indices in the green and the dollar continued to weaken after softer-than-expected PPI data – Newsquawk Daily Asia-Pac Market Open

News Snapshot:

US stocks were ultimately mixed as most major indices finished in the green, although the Nasdaq 100 reversed early gains and underperformed. ASML's earnings initially lifted Nasdaq futures after the company delivered strong quarterly results. However, the stock reversed course during the US session after management guided EUV lithography machine sales slightly below consensus expectations, weighing on both ASML and the broader semiconductor sector. Sectors were varied as Communication Services and Consumer Discretionary led the gains, but Energy and Utilities lagged, while attention was also on data as a softer-than-expected PPI report supported the broader market by reinforcing the inflation…

Other China Tech Buzz: