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Al Jazeera
Al Jazeera
Business
Erin Hale

Meta, Amazon smash earnings expectations, as stock markets surge

Amazon Meta Stock Market United States
US tech giants this week released financial results for the fourth quarter [File: AP]

Asian markets have rallied after the release of stronger-than-expected earnings results by Meta and Amazon sent the tech giants’ share prices surging.

In Hong Kong, where stocks have slumped on weak economic indicators in mainland China, the Hang Seng Index on Friday rose around 2 percent in morning trading before paring their gains, while Japan’s benchmark Nikkei Index climbed 1 percent.

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