Asian stocks set to rise on Big Tech surge, dollar slides

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Asian equities were set to rise on Friday after shares of Apple , Amazon and Facebook surged in extended trading on Thursday, with Alphabet also climbing, while the U.S. dollar continued to slide.

FILE PHOTO: A security guard wearing a face mask walks past the Bund Financial Bull statue, following an outbreak of the novel coronavirus disease , on The Bund in Shanghai, China March 18, 2020. REUTERS/Aly Song/File Photo

“All of them punched the lights out with respect to their earnings numbers,” said National Australia Bank strategist Ray Attrill. “It looks like it should be a pretty risk positive run into the weekend,” Attrill said, also pointing to E-mini futures for the S&P 500 EScv1, which rose 0.58%. Analysts are expecting industrial production data from Japan on Friday, along with China’s Purchasing Managers Index, a measure of factory activity.

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And with a probable attempt at a presidential coup except it to fall further.

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