Asia markets traded mixed Thursday as โฃinvestors reacted to a sell-off in tech names on Wall Street and news ofโ Intel seeking investment from Apple. TaiwanS Taiex was near flat, though heavyweight taiwan Semiconductor Manufacturing Companyโ (TSMC) fell โข0.75%. The move followed a Bloomberg report detailing Intel’s attempt to secure funding from โApple as part of a broader comeback strategy.
Apple previously relied โon โIntel chips for its personal computing devices before transitioning to TSMCโ with the โขlaunch of its M1 chip in 2020. While Intelโ is seeking investment, Bloomberg โคreported Apple is unlikely to revert to using Intel chips. Elsewhere,Japan’s Nikkei 225 rose 0.17% andโ the Topix โgained 0.47%, while Australia’s S&P/ASX 200 slipped 0.14%.
U.S. โขstock futures were little changed as โคinvestors await the โขrelease of weekly jobless claims data, a key indicator that could influence Federal Reserve monetary policy amid concerns about a weakening labor market and increasing layoffs.Overnight, the S&P 500 dropped โ0.28% to โฃ6,637.97, โคthe Nasdaq Composite fell 0.34% to 22,497.86, and the Dow jones Industrial Average declined 0.37% to 46,121.28.