Asian stocks gain on tech support
Asian stocks rose this morning, primarily supported by the technology sector, with shares of AI companies like Nvidia reaching record highs. The MSCI Asia Index increased by 0.2%, while the Japanese Nikkei index gained 0.7%. The technology sector led the rally, reflected in higher tech shares, even as long-term U.S. Treasury yields continued approaching their highest levels in decades, prompting caution in the markets. Investors are awaiting third-quarter earnings results, while also anticipating the potential financial impact of the artificial intelligence sector.
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