Global Markets Waver as Rate Cut Hopes Dim, Tech Giants Shift Focus

Key TakeawaysGold prices have fallen to $4,061.30 per troy ounce, pressured by diminishing expectations of a U.S. Federal Reserve rate cut in December following stronger-than-expected jobs data and hawkish Fed commentary.The Taiwan Weighted Index (TAIEX) (TAIEX) plunged by 3.1% to 26,570.68, reflecting broader Asian market weakness driven by concerns over U.S. market losses and stretched tech valuations.Foxconn (HNHPF) is nearing its maximum outsourcing capacity for electric vehicle (EV) volumes while signi ...