Investing.com– Most Asian stocks rose on Wednesday on an extended rebound in the technology sector as investors awaited key earnings from some of the biggest companies in the world.
Tech stocks also benefited from bargain hunting after clocking steep losses so far in April, following underwhelming earnings from major chipmakers and increased fears of higher-for-longer interest rates.
This was especially prevalent in Wall Street over the past two sessions, which saw U.S. stock benchmarks surge tracking a rebound in tech. U.S. stock index futures rose in Asian trade on Wednesday.
Asian tech rebounds, key US earnings awaited
Tech-heavy bourses were the best performers in Asia on Wednesday, with Japan’s index up 2%, while South Korea’s rallied 1.9%.
Gains in major internet stocks also put Hong Kong’s up 1.1%, helping it avoid broader weakness in Chinese markets.
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