Asian markets surge as tech stocks rally, traders closely monitor US inflation data: FRANCE 24 English

Asian markets experienced a boost on Wednesday thanks to a tech rally, with traders closely monitoring US inflation data.

Major stock indexes in Japan, South Korea, and Australia all saw gains as technology shares surged. The Nikkei 225 in Japan rose 1.1%, the Kospi in South Korea climbed 0.8%, and the ASX 200 in Australia was up 0.6%.

The rally in tech stocks comes as investors remain optimistic about the sector’s potential for growth, despite concerns about rising inflation and interest rates. Traders are eagerly awaiting the release of US inflation data later in the day, which could provide further insight into the state of the economy.

Analysts are also keeping a close eye on the Federal Reserve’s next moves, as the central bank considers tapering its asset purchases and raising interest rates in response to increasing inflationary pressures.

Overall, market sentiment in Asia remains positive, with investors hopeful that the tech rally will continue and support further gains in the region’s stock markets.