Asia’s Benchmark Index Set to Extend Record Streak

Technology stocks have helped drive guage higher every month since December 2016

Asia’s benchmark stock gauge is set for an unprecedented 11th straight monthly gain, driven by surging technology shares amid bets the global economic recovery has a solid footing. The MSCI Asia Pacific Index closed at a record high last week and has extended its annual gain to 27 percent. Asia is still in a cycle of earnings improvement which will continue to support the benchmark index, according to Hao Hong, chief strategist at Bocom International Holdings Co.

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