Asian stocks rise on U.S. Tech optimism, trade tension easing
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Asian markets moved broadly higher on Friday, buoyed by a combination of strong earnings from U.S. technology giants and encouraging signals around U.S.–China trade relations. Investor sentiment turned more constructive after China’s Commerce Ministry announced it is open to resuming trade negotiations with Washington, a move perceived as a potential de-escalation trigger in an otherwise tense global macro environment.
Robust corporate updates from Meta and Microsoft further supported the risk-on tone. Meta reported resilient sales and maintained its growth outlook, while Microsoft indicated that enterprise clients are continuing to invest in technology, easing concerns that recent tariff measures would dampen capital expenditure among top-tier tech firms. These developments helped reinforce investor confidence in the resilience of the so-called "Magnificent Seven" and their broader impact on global supply chains.
Taiwan’s Taiex Index led regional performance with a 2.35% gain, supported by a 3.7% rally in TSMC shares. The chipmaker benefited from upward revisions in analyst sentiment following AI-related spending commitments by U.S. tech majors. Morgan Stanley removed what it described as "major overhangs" on the stock and reinstated it as a Top Pick, further catalyzing momentum.
Robust corporate updates from Meta and Microsoft further supported the risk-on tone. Meta reported resilient sales and maintained its growth outlook, while Microsoft indicated that enterprise clients are continuing to invest in technology, easing concerns that recent tariff measures would dampen capital expenditure among top-tier tech firms. These developments helped reinforce investor confidence in the resilience of the so-called "Magnificent Seven" and their broader impact on global supply chains.
Taiwan’s Taiex Index led regional performance with a 2.35% gain, supported by a 3.7% rally in TSMC shares. The chipmaker benefited from upward revisions in analyst sentiment following AI-related spending commitments by U.S. tech majors. Morgan Stanley removed what it described as "major overhangs" on the stock and reinstated it as a Top Pick, further catalyzing momentum.