Asian tech stocks gain while dollar marches on

asian tech stocks gain while dollar marches on

Sumary of Asian tech stocks gain while dollar marches on:

  • Japan’s Nikkei rose 0.8per cent, helped by gains in tech stocks such as Sony, which rose 1.5per cent, while Hong Kong’s bruised tech index snapped six sessions of losses to gain 0.85per cent, versus a 0.25per cent gain in the local benchmark.
  • MSCI’s broadest index of Asia-Pacific shares outside Japan traded either side of flat, and was last 0.06per cent higher.
  • In broad terms, “when it comes to regional equities allocation, we’re watching the U.S. dollar which is making new highs and that is a headwind for emerging market equities,” said Fook-Hien Yap, senior investment strategist at Standard Chartered Bank wealth management.

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