Asian shares jump on tech boost; fragile yen on intervention watch

Singapore, Apr. 24 (BNA): Asian stocks rose sharply on Wednesday led by tech stocks as investors’ focus shifts to earnings from U.S. tech bellwethers this week, while the yen remained mired near 34-year lows.

An after-hours surge in shares of EV maker Tesla following its promise of new models, and upbeat earnings from some U.S. companies lifted sentiment, spurring a rally in tech stocks across Asia with Taiwan South Korean and Japan’s Nikkei leading the charge, Reuters reported.

MSCI’s broadest index of Asia-Pacific shares outside was 1.6% higher, having climbed 1% on Tuesday, as stocks rebounded from last week’s steep selloff.

China stocks were mixed, with the blue-chip index flat, while Hong Kong’s Hang Seng Index added 2%.

H.H