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Econo Asia™ > Blog > News > Economy > Asian shares extend gains ahead of tech earnings, yen fragile
Economy

Asian shares extend gains ahead of tech earnings, yen fragile

NEWSROOM
Last updated: 2024/04/23 at 5:09 PM
By NEWSROOM 1 Min Read
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The Asian index rose 1% the day before on easing fears of a major escalation in the Middle East conflict, recovering some of the 3.7% losses last week. Japan’s Nikkei edged up 0.1%.

Tech shares in the region cheered. Taiwan Semiconductor Manufacturing Co Ltd rallied 1.5% while MSCI Asia-Pacific ex-Japan IT index jumped 0.8%.

However, Chinese shares fell, with the blue chips losing 0.6%.

On Wall Street, big tech shares outperformed ahead of their quarterly results this week, sending the Nasdaq 1.1% higher. AI darling Nvidia gained 4.4% while Amazon.com rose 1.5% and Alphabet jumped 1.4%, although Tesla dropped 3.4 as it cut prices in…



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TAGGED: reuters wire
NEWSROOM April 23, 2024 April 23, 2024
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