Asian Stocks to Rise as AI Rally Spurs Wall Street: Markets Wrap

Asian stocks were set to rise Friday after Wall Street hit fresh records, buoyed by a rally in artificial intelligence shares, strong corporate earnings and further signs of resilience in the US consumer.

Equity index futures for Japan, Australia and Hong Kong climbed, after another record-setting day for the S&P 500, which rose 0.8% to close above 7,500 points for the first time.