Economic news

Asian stocks edge up as sentiment in tech sector improves

Asian stocks climbed on Friday after Wall Street was supported by a bounce in technology stocks, while traders in Seoul focused on the first meeting in over a decade between the leaders of North and South Korea.

Photo: Reuters

MSCI’s broadest index of Asia-Pacific shares moved 0.4 percent higher, but still poised for a 1.2 percent weekly drop.

Japan’s Nikkei jumped 0.6 percent and hit a two-month high briefly.

South Korea's Kospi index gained 0.6 percent and Australia’s S&P/ASX 200 Index was up 0.5 percent.

Hong Kong’s Hang Seng Index ticked up 0.1 percent.

The rise in Asian shares came after each of Wall Street’s major indexes advanced 1 percent or more overnight, underpinned by strong financial results and a recovery in technology stocks.

To leave a comment you must or Join us

More news

Back to economic news list

By visiting our website and services, you agree to the conditions of use of cookies. Learn more
I agree