Global Markets — Software Takes the Lead, Taiwan Breaks, France Out-Yields America

The week the leadership changed. Software, cloud and cybersecurity rose 6 to 12 percent — the cloud fund to its highest close since January 2022.

The week the leadership changed. Software, cloud and cybersecurity rose 6 to 12 percent — the cloud fund to its highest close since January 2022 — while the chip funds fell 2 to 3 percent and Taiwan broke the steep channel that carried it all year. China, Hong Kong and India fell 2 to 5 percent, Japan’s broad market joined the selling, and copper, silve…