Equity Rally Extends to Asia on Tech Share Rebound: Markets Wrap
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S&P 500 posts fresh record high as technology stocks rally
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Treasuries drop as Fed’s Dudley comments on policy path
Asian stocks extended a global advance as technology shares continued a rebound and hawkish comments from a Federal Reserve official allayed concerns about the strength of the world’s largest economy.
Equity indexes in Japan, New Zealand and South Korea climbed, with Samsung Electronics Co. providing the biggest impact for a second day. The Nasdaq 100 Index jumped the most since November, as large-cap tech stocks rebounded from two weeks of declines. The dollar advanced, with the yen and Korean won the biggest laggards. Treasuries fell after Fed Bank of New York President William Dudley said halting the tightening cycle now would imperil the economy. Investors continue to wager that China’s domestic equities will gain entry into MSCI Inc.’s benchmark indexes this week…
Equity Rally Extends to Asia on Tech Share Rebound: Markets Wrap
