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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