Global Market Roundup || Asian shares find support as Jerome Powell shrugs off inflation

This show gives a glimpse of global market performance, and the factors driving different markets, including the US, the UK, Australia and the Asian markets. Watch Global Market Roundup on Kalkine TV and stay updated.

• Republican Senators have questioned Fed chair Jerome Powell’s dovish economic outlook on the second day of the hearing in the Senate Banking Committee meeting on Thursday. Powell reiterated that inflation would gradually wane after monetary stimuli are rolled back. 

• Taiwan Semiconductor Manufacturing Company Limited’s earnings rose by 18% YoY for the quarter, beating analyst's expectations, while sales increased by 28% to US$13.29 billion.  

• Shares of American International Group, Inc. rose 3.05% after it announced to sell around 10% stake. • In energy stocks, Exxon Mobil fell 0.95%, Chevron Corp shed 0.70%, and Royal Dutch Shell lose 2.29%. 

• In the tech space, Apple Inc. fell 0.70%, Microsoft Corp rose 0.45%, and ASML Holdings N.V. was down 2.22%.

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