In the US, contracts for equities remained relatively unchanged after the S&P 500 surpassed 5,000, ending a six-day decline. The Nasdaq 100 saw a 1% increase, led by Nvidia Corp. Apple Inc. was highlighted as a top pick for 2024 by Bank of America Corp., due to positive expectations for its upcoming results.
Key takeaways:
- Asian stocks rose following a rebound in US shares after a $2 trillion selloff.
- Optimism over big tech leaders announcing hefty profits this week contributed to the rise.
- Benchmark indexes advanced in Japan and South Korea, and futures in Hong Kong also pointed to gains.
- Apple Inc. was named a top pick for 2024 at Bank of America Corp. due to optimism over its upcoming results.