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Asian stocks set to extend rally to another record

Richard Henderson / Bloomberg
Richard Henderson / Bloomberg • 4 min read
Asian stocks set to extend rally to another record
Asian equities poised for new highs as US tech stocks recover post-AI-driven sell-off.
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(Feb 10) : Asian equities were primed for fresh highs Tuesday, tracking a further recovery in US tech stocks that followed an artificial intelligence-driven rout.

Equity index futures for Japan, Australia and Hong Kong all pointed to gains, placing an MSCI gauge of the region’s stocks on pace for a new high after closing at a record level on Monday.

The S&P 500 rose 0.5% and the Nasdaq 100 climbed 0.8%, as some of the hardest-hit stocks in last week’s selloff rebounded. Oracle Corp. jumped 9.6% and an ETF focused on software names extended a back-to-back advance to almost 7%.

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