From Investing.com: 2024-07-10 22:39:52

Asian stocks surged on Thursday with technology stocks leading the way, following positive revenue figures from TSMC, the world’s largest contract chipmaker. Japanese stocks hit new peaks as regional markets tracked Wall Street’s overnight rally to record highs. Fed Chair Jerome Powell’s comments on interest rates sparked optimism for a soft landing of the U.S. economy. Tech stocks were the best performers of the day, with TSMC rising nearly 2% in Taiwan trade after strong revenue in June, benefiting from AI industry demand. Japanese Nikkei 225 hit a record high, as broader Asian markets advanced on bets of U.S. interest rate cuts.



Read more at Investing.com: Asian stocks surge as TSMC boosts tech; Nikkei at record high By Investing.com