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Asian stocks set to gain after Wall Street's tech bounce

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Asian stocks were set to open higher on Wednesday after tech-fueled Wall Street gains although focus is shifting to renewed U.S.-Sino tensions, ...

NEW YORK: Asian stocks were set to open higher on Wednesday after tech-fueled Wall Street gains although focus is shifting to renewed U.S.-Sino tensions, which could weigh on investor sentiment.

Wall Street stocks rebounded on Tuesday, led by a 5.7per cent jump in Amazon.com Inc after Bernstein upgraded the stock to"outperform" on an expected boost from premium subscribers and third-party merchants even once the pandemic is contained. In Asia, Japan's markets reopen on Wednesday after a two-day public holiday, which could trigger some volatility.

Emerging market stocks lost 0.69per cent. MSCI's broadest index of Asia-Pacific shares outside Japan closed 1.01per cent lower.

 

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