Chipmakers chip away at stocks, oil hovers at $85 | live
By Marc Jones LONDON, July 16 (Reuters) - European stocks and Wall Street futures edged lower on Thursday following more tech troubles in Asia, while benign U.S. inflation data helped keep the dollar and government bond yields under control and the Iran war propped up oil prices. Stellar results from Taiwanese chip giant TSMC could not prevent another 6% tumble for South Korea's KOSPI, which had doubled in value this year until a near 20% slump this month.
By Marc Jones LONDON, July 16 (Reuters) - European stocks and Wall Street futures edged lower on Thursday following more tech troubles in Asia, while benign U.S. inflation data helped keep the dollar and government bond yields under control and the Iran war propped up oil prices. Stellar results from Taiwanese chip giant TSMC could not prevent another 6% tumble for South Korea's KOSPI, which had doubled in value this year until a near 20% slump this month.
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