Mumbai, Jan. 16 -- Asian stocks ended mixed on Friday despite Wall Street snapping a two-day losing streak overnight. Regional chip stocks ended mostly higher on revived AI-driven growth optimism after TSMC posted record quarterly profits of $16 billion.
The dollar index stabilized near 99.50 as strong jobless claims prompted traders to pare rate-cut expectations.
Gold dipped from recent record highs to hover around $4,600 an ounce while oil edged up slightly after falling nearly 4 percent on Thursday to snap a five-day winning streak on easing Iran-U.S. tensions.
China's Shanghai Composite index dipped 0.26 percent to 4,101.91 after Beijing signaled limits on Nvidia H200 imports.
Published by HT Digital Content Services with permissi...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.