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By Bloomberg May 26, 2023 6:26:20 AM IST (Published)
Shares opened marginally higher in Japan and South Korea, with Australia’s benchmark little changed. Hong Kong’s market is closed for a public holiday. Nvidia Corp.’a bullish sales forecast continued to support tech stocks, with the Nasdaq 100 on Thursday rising 2.5 percent and the S&P 500 adding 0.9 percent
Asian stocks gained some support Friday from signs of progress in debt-ceiling talks and an advance in US equities that was fueled by a frenzy of interest in the artificial intelligence sector.
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Shares opened marginally higher in Japan and South Korea, with Australia’s benchmark little changed. Hong Kong’s market is closed for a public holiday. Nvidia Corp.’a bullish sales forecast continued to support tech stocks, with the Nasdaq 100 on Thursday rising 2.5 percent and the S&P 500 adding 0.9 percent.
A gauge of the dollar’s strength wavered after a four-day winning streak. The yen remained weaker against the greenback after breaching the 140 level for the first time since November.