Asian Stocks Rebound From Tech Rout as Attention Shifts to Rates
- Region’s technology-share gauge little changed after Monday
- Market focus has shifted to central bank decisions: CMC
Tech Selloff Seen Easing in Asia-Pacific
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Asian stocks rose following Monday’s tumble in major technology stocks as investors turned their focus to central bank decisions due later this week.
The MSCI Asia Pacific Index added 0.3 percent to 154.94 as of 4:36 p.m. in Hong Kong, with a gauge of technology shares, including Korea’s Samsung Electronics Co. and Hong Kong’s Tencent Holdings Ltd., little changed. Australia’s S&P/ASX 200 Index advanced 1.7 percent, the region’s biggest gainer, as banking stocks rebounded after the gauge closed at its lowest level in four months last week.