Chipmakers send tech shares yo-yoing

Israel says it has killed Yahya Sinwar, Hamas’s leader and the architect behind the October 7 2023 attacks. Mixed quarterly earnings from chipmakers send tech stocks yo-yoing, and the European Central Bank has cut interest rates by a quarter-point, amid signs that growth and inflation are weakening. Plus, South Africa’s Government of National Unity works to resolve tensions as it passes its 100-day milestone.

Mentioned in this podcast:

Hamas leader Yahya Sinwar killed in Gaza, Israel says

ASML shares drop sharply after warning on semiconductor recovery

Nvidia shares hit record as US ‘soft landing’ hopes drive tech rebound

TSMC profits jump 54% on back of AI chip boom

ECB lowers rates to 3.25%

Optimism builds on South Africa’s ‘second miracle’ coalition

The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

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