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Asian shares slip as investors look past upbeat tech earnings - Netscape Money & Business


Asian shares slip as investors look past upbeat tech earnings
By Hideyuki Sano
Reuters
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. ....

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Futures Rebound As Op-Ex Gamma Trapdoor Looms

Futures Rebound As Op-Ex Gamma Trapdoor Looms
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