GLOBAL MARKETS-Asian stocks set to rise as tech, stimulus hopes fuel global rally

By Suzanne Barlyn

NEW YORK, Oct 12 (Reuters)Asian stocks were set to rise on Tuesday as a renewed tech rally and fresh optimism that Washington would deliver a coronavirus relief package helped lift global equity markets.

Shares in Apple Inc AAPL.O surged 6.4% on Wall Street on Monday ahead of an expected debut of its latest iPhone on Tuesday, helping boost technology stocks, while Amazon AMZN.O rallied 4.8% ahead of its Prime Day shopping event this week.

CommSec Senior Economist Ryan Felsman said a COVID-19 resurgence in Europe and the United States is partly fueling the tech rally.

“Once again, there is a desire to hold the stay-at-home types of technology stocks…which will still generate profits and will be greatly oriented to a more challenging economic environment,” Felsman said.

On Wall Street, the Nasdaq Composite .IXIC on Monday staged its biggest one-day rally in a month, jumping

Read More

EMERGING MARKETS-Asian stock lift from China data fades as Trump-Biden debate sparks concern

    * Graphic: World FX rates
    * China Manufacturing PMI for September 51.5 vs August's
    * Chaotic U.S. presidential debate leaves more questions

    By Nikhil Nainan
    Sept 30 (Reuters) - An early boost to Asia's emerging stock
markets from Chinese economic data faded on Wednesday as a
chaotic first U.S. presidential debate weakened sentiment
globally and traders reined in bets ahead of several regional
market holidays.
    The debate saw heated clashes between President Donald Trump
and Democratic rival Joe Biden, leaving more doubts about the
November election and whether Trump would accept an unfavourable
result than clarity of who could come out on top.
    Chinese stocks had initially led gains after two
surveys showed China's factory activity, a bellwether for the
region, still firmly in growth territory in September.

    Malaysia, Taiwan and the Philippines all held onto gains of
around 0.4% as the day wore on, but both Shanghai 
Read More

EMERGING MARKETS-Asian stocks slump as recovery fears grow

    * Graphic: World FX rates
    * Graphic: Foreign flows into Asian stocks
    * Indonesia stocks hit 2-week low
    * Thai baht at one-month low

    By Anushka Trivedi
    Sept 24 (Reuters) - Stock markets across Asia's emerging economies sank on
Thursday as concerns about rising coronavirus cases in the developed world
hammered investors' risk appetite, driving capital into the dollar and other
traditional safe havens. 
    With the tone set by a drop on Wall Street overnight, Singapore's Strait
Times index was also caught up in the action, losing almost 1% as early
falls in China sparked losses of as much as 2.5% across the region. 
    India, South Korea and Taiwan, among the strongest
performers in recent weeks thanks to their appeal to technology investors, were
the worst hit, falling 1.9%, 2.6% and 2.5%, respectively.
    In Indonesia, hit by concerns over rising domestic COVID-19 cases and moves
to involve the 
Read More

GLOBAL MARKETS-Asian stocks set to gain after Wall Street’s tech bounce

NEW YORK, Sept 22 (Reuters) – Asian stocks were set to open higher on Wednesday after tech-fueled Wall Street gains although focus is shifting to renewed U.S.-Sino tensions, which could weigh on investor sentiment.

In currency markets, a rising greenback could hold back regional currencies like the Australian and New Zealand dollars during Asian hours.

The dollar index rose 0.441%, with the euro down 0.01% to $1.1705 after Chicago Federal Reserve President on Tuesday mentioned the prospect of raising interest rates.

“The U.S. dollar move will probably be the dominant move for other currencies,” said Commonwealth Bank of Australia currency analyst Kim Mundy.

Wall Street stocks rebounded on Tuesday, led by a 5.7% jump in Inc after Bernstein upgraded the stock to “outperform” on an expected boost from premium subscribers and third-party merchants even once the pandemic is contained.

The Dow Jones Industrial Average rose 0.52%, the S&P 500

Read More