Hi-tech brings Asia stocks close to two-year peak notwithstanding soft China

Hi-tech brings Asia stocks close to two-year peak notwithstanding soft China

On Tuesday, Asian stocks jumped to near two-year peaks because surging optimism over tech industry earnings as well as easing worries over North Korea compensated softer-than-expected factory readings in China and America.

Outside Japan MSCI's broadest index of Asia-Pacific stocks ascended 0.5% to its highest value since June 2015 because a great number of the region's markets are available again after a long holiday weekend. Additionally, Japan's Nikkei edged up 0.7%.

European stocks are seen ascending after Monday’s market holiday, with spread-betters expecting the UK’s FTSE to ascend 0.3% as well as Germany's DAX 0.2%.

On Monday, on Wall Street the S&P 500 managed to gain 0.17%, while the Nasdaq Composite inched up 0.73%, getting to a record closing peak. As for the Dow Jones Industrial Average, it sank 0.13%.

The world's five number one companies by market capitalization, including Amazon, Microsoft, Apple, Google and Facebook - all ended up with intraday or closing peaks. 


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