Asian stocks surge on tech rebound and upgraded service PMIs

Seeking Alpha ·

Asian equity markets rebounded on Friday driven by bargain hunting in technology stocks, cooling geopolitical tensions, and renewed optimism that a slowing U.S. labor market will keep the Federal Reserve on track for interest rate cuts later this year.

DYAX Investor Sentiment

Bullish (Long) 54% · Bearish (Short) 46%

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