Most Asian stocks rose sharply on Friday, encouraged by strength on Wall Street and increased bets that the Federal Reserve was done with its run of interest rate hikes, although focus still remained on key U.S. payrolls data due later in the day.
Technology-heavy indexes were the best performers for the day, tracking consensus-beating results from iPhone maker Apple Inc (NASDAQ:AAPL), while a further decline in Treasury yields also aided the sector.
A drop in Treasury yields also saw Wall Street indexes close higher overnight, which in turn provided a strong lead-in to Asian markets.
Fidelity Asian Values Plc (LON:FAS) provides shareholders with a differentiated equity exposure to Asian Markets. Asia is the world’s fastest-growing economic region and the trust looks to capitalise on this by finding good businesses, run by good people and buying them at a good price.
