Asian Stocks Slide as Chip Selloff Deepens Ahead of TSMC Earnings 
Gold Price Holds Near $4,000 as Middle East Tensions and Fed Rate Hike Bets Grow 
China Q2 2026 GDP Misses Forecast as Weak Domestic Demand Offsets Export Strength 
Asian Stocks Rally as Cooling U.S. Inflation Boosts Fed Rate Cut Hopes 
IEA Warns China Rare Earth Export Curbs Could Threaten $6.5 Trillion in Global Production 
South Korea Raises Interest Rates to 2.75% as Inflation and Weak Won Drive Tightening 
Dollar Slides as Softer US Inflation Dims Fed Rate Hike Expectations 
U.S. Imposes 25% Tariff on Select Brazilian Imports After Section 301 Trade Investigation 
Asian Currencies Hold Steady as Middle East Tensions Offset Weaker US Dollar 
US Inflation Expected to Ease in June, but Fed Rate Hike Risks Persist Amid Middle East Tensions 
Port of Los Angeles Posts Record June Cargo Volume as Importers Rush Ahead of U.S. Tariffs 
Gold Price Holds Near Record High as Cooling U.S. Inflation Offsets Fed Caution 
Gold Prices Slip as Oil Rally Fuels Inflation Fears, Strengthens Dollar 
Australian Business Conditions Hold Steady as Easing Cost Pressures Face New Oil Price Risks 
Asian Stocks Rise as Softer U.S. Inflation Boosts Sentiment Despite Middle East Tensions 
Oil Prices Climb as Trump Escalates Iran Pressure, Strait of Hormuz Risks Grow 
U.S. stock index futures stabilized on Thursday evening after a strong rebound in technology stocks helped Wall Street snap a two-day losing streak. The recovery was driven largely by blockbuster earnings from Taiwan Semiconductor Manufacturing Company (TSMC), along with upbeat results from major U.S. banks such as Morgan Stanley and Goldman Sachs. However, broader market gains remained capped as investors continued to monitor rising geopolitical tensions involving Iran, which have recently weighed on global risk sentiment.
By 18:35 ET, S&P 500 futures edged up 0.1% to 6,988.50 points, while Nasdaq 100 futures also gained 0.1% to 25,727.0 points. Dow Jones futures traded slightly higher at 49,670.0 points. The modest uptick reflected cautious optimism as investors balanced strong corporate earnings against ongoing macro and geopolitical risks.
Technology and semiconductor stocks led the advance after TSMC, the world’s largest contract chipmaker, reported a record-high profit for the fourth quarter. The company also reinforced confidence in the artificial intelligence-driven demand outlook, positioning itself as a key beneficiary of the global AI infrastructure buildout. TSMC’s U.S.-listed shares jumped 4.4%, lifting sentiment across the chip sector. NVIDIA, a major TSMC customer, climbed 2.2%, while AMD added nearly 2%. TSMC’s CEO highlighted strong customer demand and signaled a sharp increase in capital expenditure planned for 2026 to meet long-term growth needs.
The positive momentum in semiconductors spilled over into broader tech stocks, although gains were tempered by some profit-taking after a strong start to January. Meanwhile, Wall Street also drew support from the banking sector. Goldman Sachs and Morgan Stanley surged 4.6% and 5.8%, respectively, after reporting robust December-quarter earnings, helping offset earlier mixed results from other banks.
The S&P 500 rose nearly 0.3% on Thursday, the Nasdaq Composite gained 0.25%, and the Dow Jones Industrial Average outperformed with a 0.6% rise, led by financial stocks. With the fourth-quarter earnings season accelerating next week and key reports from companies like Netflix, Johnson & Johnson, and Intel ahead, investors remain focused on corporate fundamentals amid a complex global backdrop.
