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Asian tech stocks rallying broadly
Technology stocks in Asian markets rose led by a rally on Wall Street driven by the artificial intelligence sector, with the MSCI Asia index increasing by 1% at the end of the quarter—its biggest quarterly gain in 17 years. The Nikkei 225 achieved its best quarterly performance ever, rising over 38%. Additionally, the Japanese yen declined to its lowest level against the dollar since 1986, putting increased pressure on the Japanese government and prompting possible intervention by authorities.
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