Asian stocks buoyed by tech as nonfarm payrolls approach

📆 2024-05-03 05:07:00
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Asian stocks buoyed by tech as nonfarm payrolls approach

Investing.com-- Most Asian stocks rose on Friday, supported by technology shares as positive earnings from Apple Inc supported sentiment, although regional market holidays and anticipation of key U.S. data kept gains in check.Asian markets took a positive lead-in from Wall Street, which rose on Thursday as tech stocks rebounded from steep losses this week. U.S. stock index futures also rose in Asian trade.

Broader Asian markets were largely muted, as trading volumes remained limited amid regional holidays and caution over U.S. interest rates.index pointed to a muted open, after the index briefly hit record highs earlier this week. But the Nifty otherwise clocked mild intraday moves amid caution over India’s 2024 general elections.Nonfarm payrolls have consistently smashed market expectations for the past five months, amid continued strength in the U.S. labor market.

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