Asian stocks rise as tech stabilizes; weekly losses expected, with mixed performance across markets.

From Investing.com: 2024-07-25 22:47:09

Most Asian stocks rose on Friday as technology shares stabilized, but weekly losses loomed. South Korea’s index added 0.9%, Hong Kong’s rose 0.7%, and Japan’s index climbed 0.5%, recovering from steep losses earlier in the week. Japanese stocks lagged ahead of a Bank of Japan meeting, with the Nikkei falling over 5% this week. Among broader Asian markets, Chinese stocks continued to struggle, while Australia’s index rose nearly 1%. India’s index was a top performer this week, benefiting from flows into economically-sensitive sectors. Nifty futures indicated a flat open after profit-taking and tax rate increases.



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