Asian stocks advanced on Wednesday, buoyed by strong overnight gains in US tech shares, which provided a positive lead for regional markets. Investors showed renewed confidence after a rally in mega-cap technology stocks lifted Wall Street, with the Nasdaq Composite closing higher by 1.2%. Key indices across Asia, including Japan’s Nikkei 225 and South Korea’s Kospi, posted modest gains, reflecting optimism over a stabilizing global economic outlook.
The rebound in tech shares helped offset concerns about rising bond yields, which have weighed on broader markets in recent weeks. Analysts attributed the upbeat sentiment to expectations of resilient earnings growth in the tech sector, despite persistent macroeconomic uncertainties. However, caution prevailed as markets awaited fresh data on US consumer sentiment, which could signal future monetary policy shifts.
This steady performance underscores a cautious but positive tone in global markets, with investors balancing near-term risks and opportunities for recovery.
