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BusinessQuiet 28h · day 6

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

Regional semiconductor and growth stocks climb through late September as U.S. chipmakers drive the Nasdaq to record highs.

newest coverage 1d agosummary written 1d ago8 pieces MastodonNewswires

What to know

  • Asian chip and tech stocks rallied from mid to late September, tracking record-setting gains in U.S. semiconductor shares.
  • Declining U.S. Treasury yields (to 4.94%) and falling oil prices (to $103.77/barrel) eased pressure on growth stocks across the region.
  • Chipmakers in South Korea, Japan, Taiwan, and Hong Kong posted gains ranging from 1% to over 5%, with the Nasdaq 100 reaching its first record close since June.
  • Diplomatic hopes for progress in the Iran war provided additional sentiment support by reducing energy-price concerns.

“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.”

Investing.com · Investing.com News ↗

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

Asian tech stocks extend rally on chip gains, falling yields and oil
Investing.com News

How it unfolded 3 developments, newest first · click a bar or a number to jump articlesposts

Peak 2 pieces in two hours at Sep 21, 5 PM; 8 pieces over 6 days (4 articles · 4 posts) Sep 17, 7 PM — 1 piece · 1 post — Mastodon 1Sep 17, 9 PM — quietSep 17, 11 PM — 1 piece · 1 article — Newswires 1Sep 18, 1 AM — quietSep 18, 3 AM — quietSep 18, 5 AM — quietSep 18, 7 AM — quietSep 18, 9 AM — quietSep 18, 11 AM — quietSep 18, 1 PM — quietSep 18, 3 PM — quietSep 18, 5 PM — quietSep 18, 7 PM — quietSep 18, 9 PM — quietSep 18, 11 PM — quietSep 19, 1 AM — quietSep 19, 3 AM — quietSep 19, 5 AM — quietSep 19, 7 AM — quietSep 19, 9 AM — quietSep 19, 11 AM — quietSep 19, 1 PM — quietSep 19, 3 PM — quietSep 19, 5 PM — quietSep 19, 7 PM — quietSep 19, 9 PM — quietSep 19, 11 PM — quietSep 20, 1 AM — quietSep 20, 3 AM — quietSep 20, 5 AM — quietSep 20, 7 AM — quietSep 20, 9 AM — quietSep 20, 11 AM — quietSep 20, 1 PM — quietSep 20, 3 PM — quietSep 20, 5 PM — quietSep 20, 7 PM — quietSep 20, 9 PM — quietSep 20, 11 PM — quietSep 21, 1 AM — quietSep 21, 3 AM — quietSep 21, 5 AM — quietSep 21, 7 AM — quietSep 21, 9 AM — quietSep 21, 11 AM — quietSep 21, 1 PM — quietSep 21, 3 PM — quietSep 21, 5 PM — 2 pieces · 1 article · 1 post — Mastodon 1, Newswires 1Sep 21, 7 PM — quietSep 21, 9 PM — quietSep 21, 11 PM — quietSep 22, 1 AM — quietSep 22, 3 AM — quietSep 22, 5 AM — quietSep 22, 7 AM — quietSep 22, 9 AM — quietSep 22, 11 AM — quietSep 22, 1 PM — quietSep 22, 3 PM — quietSep 22, 5 PM — 2 pieces · 1 article · 1 post — Mastodon 1, Newswires 1Sep 22, 7 PM — 1 piece · 1 post — Mastodon 1Sep 22, 9 PM — 1 piece · 1 article — Newswires 1Sep 22, 11 PM — quietYesterday, 1 AM — quietYesterday, 3 AM — quietYesterday, 5 AM — quietYesterday, 7 AM — quietYesterday, 9 AM — quietYesterday, 11 AM — quietYesterday, 1 PM — quietYesterday, 3 PM — quietYesterday, 5 PM — quietYesterday, 7 PM — quietYesterday, 9 PM — quietYesterday, 11 PM — quietToday, 1 AM — quiet 123
Sep 18Sep 19Sep 20Sep 21Sep 22yesterdaynow · 2:07 AM ET
  1. background

    Asian stocks continue tech-led advance with oil subdued — Asian stocks rode the tech wave higher through late September as the rally broadened and oil prices remained subdued.

  2. 3

    Nasdaq reaches first record since June as chipmakers drive gains

    Asian stocks were set to extend their winning streak as chipmakers drove the Nasdaq 100 to its first record close since June. Falling oil prices continued to provide support amid hopes for progress toward ending the Iran war.

    “chipmakers drove the Nasdaq 100 to its first record since June, while falling oil prices provided a further boost amid hopes for progress toward ending the war with Iran.”
    — Bloomberg Markets · source
    1. 1 outlet Asian Stocks Set to Extend Gains as Tech Rallies: Markets Wrap

      first by Bloomberg Markets, 1d ago

  3. 2

    Asian stocks poised to climb on tech optimism and falling oil

    Asian stocks were positioned for gains after a tech-fueled rally on Wall Street and a drop in oil prices, with diplomatic hopes for progress in the Iran war providing additional support for sentiment.

    “Asian stocks were poised to climb after a tech-fueled rally on Wall Street and a drop in oil prices amid hopes for diplomatic progress in the Iran war.”
    — Bloomberg Markets · source

    1. 1 outlet first by Bloomberg Markets, 2d ago · read ↗

  4. 2 days quiet
  5. 1

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

    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%.

    1. 1 outlet first by Investing.com News, 6d ago · read ↗