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APAC benefited from tech tailwinds; commentary from Fed's Bowman & Bostic

·1 min

US stocks traded higher, led by the Nasdaq, as the tech sector outperformed. Risk appetite was fueled by lower yields, and oil prices fell after Saudi Arabia cut its OSPs. The S&P 500, Nasdaq, Dow Jones, and Russell 2000 all posted gains. Fed officials Bostic and Bowman shared their views on inflation and monetary policy. In the Asia-Pacific region, stocks traded higher following Wall Street’s gains. The ASX 200 climbed, the Nikkei 225 rallied, and the KOSPI was clouded by disappointing earnings from Samsung Electronics. European equity futures indicate a higher open, and forex markets saw subdued movements. Crude futures traded rangebound, and cryptocurrencies experienced a slight correction.