Asian Markets Rise, Tech Stocks Rebound

Asian stock markets, excluding Japan, surged by nearly one percent on Wednesday, with technology shares rebounding after Oracles earnings worries. Japans Nikkei and South Koreas Kospi also gained, while Chinese markets remained stagnant. U.S. stocks closed higher, driven by tech gains, and Oracles shares recovered, boosting other tech companies. Investors await U.S. inflation data and the Federal Reserves policy meeting next week, while Chinese markets face pressure from property sector concerns and economic outlook. Trading activity was subdued as everyone awaits key economic data releases.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.