TSMC’s Bleak Outlook and China’s Stimulus Counterbalance
ASX flatlines as investors balance China’s stimulus against tech downturn, with TSMC’s bleak outlook exacerbating concerns amidst muted miner growth and emerging bank profit-taking.
Mining Sector
Navigating Through Chinese Stimulus Hopes and Inflation Jitters
ASX experienced a day of contrasts, with an initial rally driven by Chinese stimulus hopes, dampened by persistent investor concerns over looming inflation and upcoming U.S. CPI data.