Asian Shares to Be Pressured, Chipmakers in Focus: Markets Wrap
Global stocks and Asian currencies rallied as authorities pushed back against a stronger dollar, helping restore a sense of confidence in financial markets.
Global stocks and Asian currencies rallied as authorities pushed back against a stronger dollar, helping restore a sense of confidence in financial markets.
China reported a steady rate of youth unemployment in March after an official warned that joblessness among young Chinese needs more scrutiny.
Passenger-car sales in Europe fell 2.8% in March as automakers including Volkswagen AG and Stellantis NV faced weaker demand, particularly for electric vehicles.
Elon Musk said some of the severance packages sent to former Tesla Inc. employees as part of its biggest ever workforce reduction were too low.
Taiwan Semiconductor Manufacturing Co. posted its first profit rise in a year, after strong AI demand revived growth at the world’s biggest contract chipmaker.
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