Asian Stocks Track US Rebound on Profit Optimism: Markets Wrap

Written by on April 23, 2024

(Bloomberg) -- Asian stocks rose after US shares rebounded from a $2 trillion selloff on optimism big tech leaders will announce hefty profits this week.

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Benchmark indexes advanced in Japan and South Korea, while futures in Hong Kong also pointed to gains. Contracts for US equities were little changed after the S&P 500 topped 5,000 — halting a six-day rout — while the Nasdaq 100 rose 1%, with Nvidia Corp. leading gains in big tech. Apple Inc. was named a top pick for 2024 at Bank of America Corp. on . . .

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