Asia stocks poised for 17-year quarterly high

Asian stocks achieved their biggest quarterly gain in 17 years, supported by a rise in technology stocks and optimism regarding the AI deal, while the yen hit its lowest level against the dollar since 1986. The MSCI Asia-Pacific Index increased by 0.8% on the last day of the quarter, marking a 21% rise over the three months. In the market, Japanese and Korean stocks posted strong gains, with the yen weakening and expectations of potential Japanese market intervention. Meanwhile, gold prices fell by more than 1%, and oil prices dropped below $73 per barrel, as market pressures persisted due to expectations of interest rate hikes and the strengthening dollar.

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