© Reuters.
Investing.com– Most Asian stocks rose on Friday and were set for a positive week as optimism over artificial intelligence drove stellar gains in the technology sector, while Chinese stocks extended a rebound into a second week.
Still, bigger gains were held back by persistent concerns over higher-for-longer U.S. interest rates, especially following strong labor market data and hawkish signals from the this week.
A market holiday in Japan also kept regional trading volumes somewhat muted, after the skyrocketed to record highs on Thursday. Even with four days of trade, the Nikkei was among the best performers in Asia this week, with a 1.6% rise.
Regional stocks took positive cues from a record-high close on Wall Street on Thursday, which was driven largely by technology stocks following consensus-smashing earnings and guidance from AI darling NVIDIA Corporation (NASDAQ:). Nvidia’s strong showing ramped up…
