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Futures Jump As Chipmakers Surge After Japan , Korea Bounce
['Tyler Durden']
ZeroHedge News
It follows a report last week of ASML raising prices for its equipment, for which TSMC is ASML’s largest customer.
South Korea and Taiwan led the gains in the region, with most other markets also climbing higher as investor sentiment improves.
Tiny overnight yield ranges included less than 2bp for 10-year.
However there has been a bounce this morning in Asia with S&P (+0.42%) and Nasdaq (+1.03%) futures both comfortably higher.
So the 10yr yield in Canada only rose +0.8bps on the day, a smaller increase than the +4.4bps jump for 10yr Treasuries.