Asian stocks rise as tech tracks bumper US earnings; BOJ in focus

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Asian stocks rise as tech tracks bumper US earnings; BOJ in focus

Investing.com-- Most Asian stocks rose on Friday, buoyed by gains in the technology sector as investors cheered strong earnings from Microsoft and Alphabet, although anticipation of more cues on interest rates kept sentiment in check.

Japanese stocks also rose comparatively less than their peers, with focus squarely on the conclusion of a Bank of Japan meeting later in the day. Softer-than-expected Tokyo inflation data added to the uncertainty. Regional markets tracked gains in U.S. stock index futures, which rose sharply after stronger-than-expected earnings from tech giants Microsoft Corporation (NASDAQ:. While the central bank is widely expected to keep rates on hold, investors are uncertain whether it will offer up hawkish signals in the face of a weakeninginflation data from Tokyo further added to the uncertainty.

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