Asian tech stocks rise as US Treasury yields drop
Japan’s Nikkei and Taiwan’s stock index gain as weaker US data scuppers bets for early taper
21 May 2021 - 08:54
Tokyo — Asian tech and growth stocks rallied on Friday, following Wall Street’s overnight lead, as investors tempered fears about hot inflation and the prospects of an early tapering of stimulus by the Federal Reserve.
Japan’s tech-heavy Nikkei and Taiwan’s stock index stood out in the region — where equities were broadly mixed — with gains of 0.8% and 1.2% respectively...
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