Asian shares hit 6-1/2-month high on tech hopes, U.S. data [Reuters]
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Source: Reuters
Asian shares hit 6-1/2-month high on tech hopes, U.S. data | Reuters 5 Min Read TOKYO (Reuters) - Asian shares hit 6-1/2-month highs on Friday after upbeat U.S. data and optimism in the tech sector lifted Wall Street stocks, helping calm some of the jitters sparked by the Federal Reserve’s cautious outlook on the world’s biggest economy. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.3 percent, led by 0.5 percent gains in the info tech sector, while Japan’s Nikkei bucked the trend and lost 0.2 percent. On Wall Street, the S&P 500 gained 1.09 percent while the Nasdaq Composite rallied 1.42 percent, both hitting five-month highs.[.N] Apple Inc led the tech sector’s advance, rising 3.7 percent, ahead of the company’s expected streaming service debut next week. The Philadelphia SE Semiconductor Index soared 3.5 percent, coming within a striking distance from its all-time high marked about a year ago. “I’d think optimism in the tech sector is the biggest driver now. It r
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