Stocks

Bloomberg Taiwan Semiconductor Manufacturing Co. raised its sales outlook for the year after quarterly earnings jumped 45%, helped by solid demand for chips used in everything from smartphones to cars. Annual revenue in dollar terms will top the previous outlook for as much as 20%-plus growth, the world’s biggest contract manufacturer of chips said. Sales will rise to $17.6 billion …

  Bloomberg The economic cycle is advancing to a point where valuations may finally matter again for stock and bond investors. Fortress-like in their refusal to bend for the better part of a decade, both asset classes have come under pressure thanks to the ever-stiffening resolve of central banks to restore order to the global economy. The S&P 500 has …

Bloomberg Investors are flooding into exchange-traded funds focused on semiconductor stocks, wagering the industry will rebound from the supply-chain snags and chip shortage that have dragged the shares lower. Semiconductor ETFs have seen roughly $6.8 billion of inflows since the beginning of the year, surpassing the $5.2 billion for all of 2021 and the $2.1 billion for the year before, …

  Bloomberg The feel-good days for global markets at the end of March are firmly over. Everything from stocks to bonds is falling — even oil has pulled back from near records — in a concerted cross-asset selloff with echoes of the rate-spurred rout of October 2018. Blame it on a Federal Reserve intent on restricting policy to tamp down …

  Bloomberg Tencent Holdings Ltd. surged more than 5%, joining the rest of China’s gaming industry in a rally after regulators approved the country’s first batch of new titles in more than eight months. The National Press and Publication Administration published a list of 45 domestic titles on its website, confirming an earlier Bloomberg News report. While leaders Tencent and …

  Bloomberg European equities started the week on a negative note as investors weighed an array of risks from China’s Covid-19 flare up to an uncomfortably tight race for the French presidency, surging bond yields and the war in Ukraine. The Stoxx 600 Europe Index falls 0.2% as of 8:52 am in London, tracking Asian stocks lower. Technology stocks were …

  Bloomberg Bitcoin’s tendency to move in tandem with technology stocks means the biggest cryptocurrency may slump to $30,000 by June, according to Arthur Hayes, the co-founder of crypto trading platform BitMEX. Hayes, in a blog post on Monday, also said the same dynamic could drive Ether to $2,500. The tokens traded at around $42,300 and $3,180, respectively, at 12:43 …

Bloomberg In most of the world, exchange-traded funds (ETFs) are simply tools that allow investors to track a certain set of stocks. In Japan, they’ve been saddled with everything from propping up the market and boosting inflation, to accelerating economic growth, improving corporate governance and even encouraging gender equality. Such wide-ranging goals have led the Japanese central bank to amass …

  Bloomberg Stocks are ending the week on a positive note, with European equities snapping two days of declines sparked by the Federal Reserve’s plan for aggressive monetary-policy tightening. The Stoxx Europe 600 index climbed more than 1%, with all industry sectors in the green and energy and basic resources leading the advance. Swedish truck maker Volvo AB declined after …

  Bloomberg Selling is picking up again in the priciest corner of the US stock market — that of fast growth technology shares — as investors whipsaw between seeking higher returns and safety. The Nasdaq 100 Stock Index is wrapping up its worst two-day drop in nearly a month as traders that flocked to the tech sector in recent weeks …