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Asian tech stocks extend rally on chip gains, falling yields and oil

Asian chip stocks rally on U.S. gains and falling yields

1 Sep 18 · 5d ago · 1 article · 1 post · 2 sources · development 1 of 3

Technology and semiconductor shares across Asia rose on Friday following a sharp overnight rise in U.S. chip stocks. The U.S. 10-year Treasury yield eased to about 4.94% after briefly exceeding 5% earlier in the week, while Brent crude fell about 1% to $103.77 a barrel. Seoul-based Samsung Electronics gained 2.8% and SK Hynix jumped 4.5%; Japanese chipmakers Advantest rose 5.2% and Tokyo Electron climbed 3.3%; TSMC in Taiwan rose nearly 1%.

Asian chip stocks rally on U.S. gains and falling yields
Investing.com News

“Asian technology and semiconductor stocks rose on Friday, tracking a rally in U.S. chip shares as a pullback in Treasury yields eased pressure on growth-sensitive equities, while a dip in oil prices also improved sentiment.”

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Samsung Electronics South Korean chipmakerSK Hynix South Korean semiconductor makerTSMC Taiwanese chipmakerAdvantest Japanese chipmaker

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1Asian chip stocks rally on U.S. gains and…2Asian stocks poised to climb on tech…3Nasdaq reaches first record since June as…
Sep 18Sep 19Sep 20Sep 21Sep 22yesterdaynow · 2:57 AM ET

What was reported 1 claim about this development

  1. 1 outlet Asia chip, tech stocks track Wall St gains as yields fall

    first by Investing.com News, 6d ago

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