GLOBAL MARKETS-Asian tech stocks gain while dollar marches on
By Editor - Wed Nov 24, 10:24 pm
Asian tech stocks rose on Thursday, following their U.S.-listed peers, though broader gains were capped by the strength of the U.S. dollar as investors bet on interest rates rising more quickly in the United States than other major economies. European stocks were expected to advance with Euro Stoxx 50 futures up 0.5% and FTSE futures 0.24% higher in early trade, potentially indicating a rebound after a week when rising COVID cases in Europe have weighed on market sentiment there. Japan's Nikkei rose 0.8%, helped by gains in tech stocks such as Sony, which rose 1.5%, while Hong Kong's bruised tech index snapped six sessions of losses to gain 0.85%, versus a 0.25% gain in the local benchmark.