Asian stocks set to rise as tech, stimulus hopes fuel global rally

Asian stocks were set to rise on Tuesday as a renewed tech rally and fresh optimism that Washington would deliver a coronavirus relief package helped lift global equity markets.

"Once again, there is a desire to hold the stay-at-home types of technology stocks...which will still generate profits and will be greatly oriented to a more challenging economic environment," Felsman said. Australian S&P/ASX 200 futures rose 1.05per cent in early trading. Hong Kong's Hang Seng index futures rose 0.11per cent.The dollar index fell 0.078per cent, with the euro unchanged at US$1.1813.The pan-European STOXX 600 index rose 0.72per cent and MSCI's gauge of stocks across the globe gained 0.01per cent.

The move in the run-up to the Nov. 3 U.S. election is likely to anger China, which considers Taiwan a renegade province.

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Nasdaq jumps 2.6 per cent as tech leads US stocks to close higherNEW YORK (AFP) - Tech shares led US stocks higher Monday, with Apple surging ahead of a new iPhone launch as investors shrugged off the stalemate over US stimulus talks in Washington.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »