Reported 2 days ago
Asian stocks are anticipated to rise as major U.S. tech companies' gains bolstered U.S. market indices. Following a 1.4% uptick in the 'Magnificent Seven' tech stocks, the S&P 500 and Nasdaq 100 experienced increases of 0.7% and 1%, respectively, while Honda's shares surged 13% in the U.S. amid acquisition talks. Despite concerns over declining consumer confidence in both the U.S. and South Korea, analysts predict a strong possibility of a 'Santa Claus Rally', as the S&P 500 is on track for substantial annual returns.
Source: YAHOO