(Bloomberg) — Most Asian equities rose, led by Hong Kong shares, after US stocks rebounded from a $2 trillion selloff on optimism big tech leaders will announce hefty profits this week.
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Technology firms drove Hong Kong gauges higher after UBS Group AG upgraded shares in China and the city-state to overweight, citing resilient earnings despite the nation’s property and macro worries. Japanese shares pared an advance as the yen briefly strengthened against the dollar after Finance Minister Shunichi Suzuki’s comments on the currency.
Futures for US shares were little changed after the S&P 500 topped 5,000 — halting a six-day rout — while the Nasdaq 100 rose 1%, with Nvidia Corp. leading gains in big tech. Apple Inc. was named a top pick for 2024 at Bank of America Corp. on optimism over its upcoming results.
Investors are waiting to see if earnings will meet the lofty expectations for artificial…
