Stock Market: Asia in mixed order, eyes on microchips, Tokyo +0.85%
Asian and Pacific markets showed mixed results following quarterly reports from major tech companies. Tokyo, Taiwan, Seoul, and Sydney experienced gains, while Hong Kong, Shanghai, Mumbai, and Singapore had varied performances. Oil prices rose due to new attacks in the Strait of Hormuz, while gold remained stable. The dollar strengthened against the euro and the pound, with rising yields on government bonds. In Tokyo, tech stocks like Ibiden and Tdk performed well, while automotive stocks struggled. Banking stocks also saw positive movement, with Resona and Mitsubishi Ufj leading the gains.