Hang Seng index rallies 1%, extends gains for second day as tech stocks support sentiment - What to watch next
New Delhi, Oct. 6 -- The Hang Seng Index extended its winning run to the second day on Tuesday, 6 October, climbing another 1% to settle at 24,280, as strong gains in technology stocks supported sentiment even as pressure on rate-sensitive property and financial stocks continued.
Key Asian stocks have received strong support from the tech-driven rally on Wall Street as traders' attention has shifted towards strong earnings, resilient consumer spending and surging artificial intelligence-related investments.
On Monday, Wall Street's benchmark S&P 500 added 0.7% to near its previous record high. The Dow Jones Industrial Average climbed 0.2%, while the Nasdaq Composite rose 1.1% to an all-time closing high.
A flurry of deals showed plenty...
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