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Asian Stocks to Rally on US Tech Surge, Oil Slump: Markets Wrap

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Asian Stocks to Rally on US Tech Surge, Oil Slump: Markets Wrap Asian stocks were poised to track Wall Street higher as a rally in technology shares and a slump in oil prices drove US benchmarks to their best day in seven months. Equity-index futures for South Korea, Japan and Taiwan, home to leading suppliers of the hardware for the artificial intelligence buildout, pointed to gains of at least 2%. Those for Australia indicated more modest advances.

Asian Stocks to Rally on US Tech Surge, Oil Slump: Markets Wrap Asian stocks were poised to track Wall Street higher as a rally in technology shares and a slump in oil prices drove US benchmarks to their best day in seven months. Equity-index futures for South Korea, Japan and Taiwan, home to leading suppliers of the hardware for the artificial intelligence buildout, pointed to gains of at least 2%. Those for Australia indicated more modest advances.
Asian (ORG) Rally on US Tech Surge (ORG) US (LOCATION) South Korea (LOCATION) Japan (LOCATION) Taiwan (LOCATION) Australia (LOCATION)
Originally published by Bloomberg Markets Read original →