-- Asian equities were set for early declines following a selloff in technology stocks on concerns the US would impose tighter restrictions on chip sales to China.Amazon Sold a Used Diaper. It Tanked a Mom-and-Pop Business
The possibility of new chip restrictions “could indeed create the kind of selling that could be the catalyst for a tradable correction in the stock market,” said Matt Maley at Miller Tabak + Co. “Broad indices have become very overbought.” “Normally, the impact of these types of headlines isn’t long-lasting, but in this case, we would note that semis have been underperforming the broader market for the last couple of weeks now,” said Bespoke Investment Group strategists. “So that’s something to watch.”
In Asia, data set for release includes June trade data for Japan, labor market figures for Australia and unemployment in Hong Kong.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Finance Finance Latest News, Finance Finance Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Asian Stocks to Fall as Yen Plunges to Fresh Low: Markets Wrap(Bloomberg) -- Shares in Asia were set to open lower after US tech stocks fell in late trading while the yen weakened, triggering fresh speculation officials...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Asian Stocks to Fall as Yen Plunges to Fresh Low: Markets WrapShares in Asia were set to open lower after US tech stocks fell in late trading while the yen weakened, triggering fresh speculation officials may step in to support the currency.
Source: BNNBloomberg - 🏆 83. / 50 Read more »
Stock market today: Asian stocks mostly fall, Euro drop on French election outcomeHONG KONG (AP) — Asian stocks mostly fell Monday, with the Euro dropping on the shock French election outcome, while U.S. stocks rose to more records Friday ...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Wall St set for subdued open after economic data; Micron drags chip stocks lowerThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »
Futures edge lower as Micron drags chip stocks down ahead of dataThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »
Premarket: U.S. futures dip as Micron drags down chip stocks ahead of economic dataEuropean stocks steady ahead of inflation data, yen near 38-year low
Source: globeandmail - 🏆 5. / 92 Read more »