Global stocks were mixed thanks to rising interest rates and pressure on tech stocks (只備英文版)
US stocks declined again Monday as signs of soft smartphone demand took a toll on tech stocks and rising bond yields dented demand for equities and offset earnings optimism. Tech stocks were a drag on all three major indices. Chipmakers declined after the world's largest contract chipmaker, Taiwan Semiconductor Manufacturing, cut its full-year revenue target due to softer demand for smartphones. The Dow Jones industrials were down 0.1 percent and the Nasdaq lost 0.2 percent while the S&P added 0.15 point.