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Asian stocks set for modest gains as tech woes check stimulus hopes

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Asian stocks were set for modest gains on Wednesday after renewed U.S. stimulus hopes helped Wall Street higher, although wobbles in the tech ...

NEW YORK: Asian stocks were set for modest gains on Wednesday after renewed U.S. stimulus hopes helped Wall Street higher, although wobbles in the tech sector could keep a lid on investor sentiment.

On Wall Street, shares of Google parent company Alphabet rose despite an antitrust lawsuit against it by the U.S. Justice Department.Netflix, however, reported disappointing earnings, leading its shares to fall 6per cent after trading hours, a development that could cause an"overhang" in Asian trading, Felsman said.

 

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