Asian Stocks to Climb as Wall Street Hits New High: Markets Wrap

Stocks in Asia were primed to rally Thursday after a US tech rally drove new highs on Wall Street, quelling concerns over inflation that have fueled wagers the Federal Reserve will keep rates higher for longer.

Equity index futures for Japan, China and South Korea were all higher early Thursday in Asia. The S&P 500 rose 0.6% Wednesday while the Nasdaq 100 climbed 1% as tech outperformed. In late hours, Cisco Systems Inc. gave a solid outlook, supporting the bullish tech theme.