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NEW YORK -- Tech shares rallied early Wednesday, pushing the Nasdaq composite up over 2.5% after Microsoft and AMD earnings underpinned renewed enthusiasm for artificial intelligence spending.
TAIPEI (Reuters) -- Taiwan's trade-dependent economy grew more than expected in the second quarter thanks to stronger demand for new technology, such as artificial intelligence.
Shares of global semiconductor firms rallied on Wednesday as they were boosted by some positive earnings in the sector and a report of potentially less severe U.S. export restrictions on China.
Shares of ASML jumped as much as 10% on Wednesday after a Reuters report suggested that the company could be exempted from expanded export restrictions on chipmaking gear to China.
Headline inflation in the euro zone unexpectedly rose to 2.6% in July, the European Union's statistics agency said Wednesday, even as price growth in the services sector eased slightly.
Switzerland's stock exchange SIX said trading had been halted on Wednesday morning across all products until further notice due to issues with disseminating data.
Heavy rain in one of India’s most attractive tourist destinations collapsed hillsides and triggered torrents of mud, water and tumbling boulders in the worst disaster in the state since deadly floods in 2018.
Asia-Pacific markets were mixed on Wednesday as investors awaited the Bank of Japan's rate decision and China's business activity data.