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The Economic Times
The Economic Times
Business

Global Market Today: Asian stocks rise after AI rally spurs US gauges

Asian stocks rose after Wall Street gauges hit records, buoyed by a rally in the AI trade, strong corporate earnings and further signs of resilience in the US consumer.

Stocks rose in Japan, South Korea and Australia, sending the broader MSCI Asia Pacific Index higher. The gauge is on course for its sixth consecutive weekly gain, the longest streak since late January. Futures contracts for the Nasdaq 100 Index were little changed after the underlying gauge closed at an all-time high.

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