Asian stocks extended a global advance as technology shares continued a rebound and hawkish comments from a Federal Reserve official allayed concerns about the strength of the world’s largest economy. Equity indexes in Japan and Taiwan led gains, with Samsung Electronics Co. providing the biggest impact for a second day. The Nasdaq 100 Index jumped the most since November, as large-cap tech stocks rebounded from two weeks of declines. Hong Kong shares erased an earlier advance ahead of MSCI Inc.’s decision on whether to include China’s domestic equities in benchmark indexes. Treasuries fell Monday after Fed Bank of New York President William Dudley said halting the tightening cycle now would imperil the economy.
Source: Bloomberg Pro Terminal
Jr Trader Alexander Kumanov
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