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International Business Times
International Business Times
Business
AFP News

Asian Markets Rally After Tech-fuelled Wall St Surge

Markets bounced back after initially sinking in reaction to the Federal Reserve's warning that interest rates will not likely be cut in March (Credit: AFP)

Asian markets rallied Friday, tracking a surge on Wall Street fuelled by bargain-buying from the previous day's sell-off, while strong earnings from tech titans soothed worries about the impact of higher interest rates on bottom lines.

Disappointment over the Federal Reserve's warning this week that borrowing costs would not likely be cut in March was tempered by the knowledge they are all but certain to come down this year.

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