Asian equities are poised for an increase as major markets respond positively to a rebound on Wall Street. This recovery comes after a five-day losing streak, driven by renewed interest in major tech stocks.

The S&P 500 has risen by 1.3%, while the Nasdaq 100 has increased by 1.7%. This turnaround follows a significant sell-off that had wiped out over a trillion dollars from the US equity market. Investors are closely monitoring these developments, as they may indicate a shift in market sentiment across the region.

• Futures for key Asian markets, such as Australia, Hong Kong, Taiwan, and Singapore, are indicating upward movement.
• In contrast, Japan’s futures have declined, affected by a stronger yen.

📎 Related coverage from: bloomberg.com