Asian shares look for rebound following tech earnings
Asian shares look for rebound following tech earnings

In the international market, Asian shares looked to continue an upward swing on Friday, after a recovery in the US equities and strong corporate earnings set the stage. Australia's ASX 200 climbed 0.14percent in early trading, while Hong Kong's Hang Seng index futures were up 0.26percent. Japan's Nikkei 225 futures were down 0.24percent and down 0.31percent from the underlying index's close on Wednesday.

MSCI's gauge of stocks across the globe was up 0.44percent. Record numbers of coronavirus cases worldwide and the Nov. 3 US presidential election remained the major factors looming ahead for investors. But in the short-term, a diet of robust quarterly reports from tech companies set the stage for an upswing at the Asia open. Google parent Alphabet, Inc, Apple Inc and Facebook Inc all beat analyst estimates for quarterly revenue, with Amazon reporting a second straight quarter of record profits. U.S. stocks enjoyed a rebound Thursday after a significant selloff the day prior. They were boosted by a stronger-than-expected report on U.S. economic growth in the third quarter, which found record expansion but lingering scars from the pandemic.

 The Dow Jones Industrial Average closed up 0.52percent. The S&P 500 gained 1.19percent and the Nasdaq Composite rose 1.64percent. December Brent crude futures were down USD1.66, or 4.2percent, and US WTI crude futures were USD1.50, or 4percent, lower. Gold prices hit a one-month low Thursday, pushed down by a stronger dollar. US gold futures settled down 0.6percent to USD1,868.

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