Asia shares surge on tech mood swing, oil retreats
SYDNEY, Aug 5 : Asian stock markets jumped on Wednesday as strong earnings and a resurgence of demand for tech lifted Wall Street to record peaks, while hopes for progress on opening the Strait of Hormuz dragged on oil prices and bond yields.Japan's Nikkei climbed 3.0 per cent and South Korea added 3.4 per ce
Source excerpt
SYDNEY, Aug 5 : Asian stock markets jumped on Wednesday as strong earnings and a resurgence of demand for tech lifted Wall Street to record peaks, while hopes for progress on opening the Strait of Hormuz dragged on oil prices and bond yields.
Japan's Nikkei climbed 3.0 per cent and South Korea added 3.4 per cent, continuing its run of wild swings.
MSCI's broadest index of Asia-Pacific shares outside Japan rose 1.5 per cent.
Investors appeared to be taking profits on AMD even as its results beat forecasts.
Bold News stores the normalized extraction for evidence and analysis. This public wrapper shows a limited excerpt; use the original link for the publisher's complete presentation.