Asian stocks advanced after a surge in US tech shares pushed Wall Street to a record, masking worries about inflation that have driven bets the Federal Reserve will raise interest rates next year.
A gauge of regional stocks edged 0.1% higher after US benchmarks closed at record highs. A strong outlook by Cisco Systems Inc. lifted Nasdaq 100 futures contracts 0.5%, reinforcing the bullish narrative for the technology sector. The company’s shares surged 18% in extended trading.
