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World shares steady, U.S. yields hover near lows ahead of fresh data Reuters 11 hrs ago By Simon Jessop By Simon Jessop LONDON (Reuters) - Global shares held steady while U.S. Treasury yields hovered near multi-month lows on Friday, with markets looking to U.S. consumer data as the next test of the Federal Reserve s dovish rates outlook. Oil markets were on course for their biggest weekly drop since at least May as traders bet supply from OPEC producers could rise to meet an expected increase in demand as economies recover from the coronavirus pandemic. How quickly that happens, though, is far from certain, with a resurgence in the infection rate across a number of countries, particularly in Africa and parts of Asia as the Delta variant continues to take hold. ....
Friday, 16 Jul 2021 11:11 AM MYT A man rides a bicycle past a screen displaying Nikkei share average and stock indexes outside a brokerage in Tokyo December 30, 2020. Reuters pic Follow us on Instagram and subscribe to our Telegram channel for the latest updates. TOKYO, July 16 Asian shares headed lower on Friday as profit-taking in Taiwanese chip giant TSMC, despite record profits, weighed on other tech firms and broader risk sentiment, while a more dovish US rates outlook kept bond yields near multi-month lows. MSCI’s broadest index of Asia-Pacific shares outside Japan lost 0.35 per cent, weighed by a 1.2 per cent fall in Taiwanese shares after TSMC’s earnings on Thursday. ....
By Hideyuki Sano TOKYO (Reuters) - Asian shares headed lower on Friday as profit-taking in Taiwanese chip giant TSMC, despite record profits, weighed on other tech firms and broader risk sentiment, while a more dovish U.S. rates outlook kept bond yields near multi-month lows. MSCI s broadest index of Asia-Pacific shares outside Japan lost 0.35%, weighed by a 1.2% fall in Taiwanese shares after TSMC s earnings on Thursday. TSMC, Asia s biggest firm by market capitalisation outside China, fell almost 4% following its earnings on Thursday. While the world s largest contract chipmaker posted record quarterly sales and forecast higher revenue for the current quarter, investors took profits, fearing its best times could already be behind it. ....
Asian shares slip on broader risk sentiment - The Hindu BusinessLine thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.