AFP, Hong Kong :
Asian markets rallied on Friday, bringing a volatile week to a positive end as tech firms extended their rebound while investors tracked advances on Wall Street following reports Donald Trump is planning to unveil a big-spending public works plan.
Global equities have struggled this week, hit by profit-taking, fears over the progress of a probe into Russia’s US election meddling, stumbling Brexit talks and Trump’s recognition of Jerusalem as Israel’s capital.
The issues had overshadowed news that Senators had passed a market-friendly US tax overhaul bill and were preparing to hammer out a compromise with the House of Representatives.
Traders were given a positive lead from New York, where all three main indexes ended higher, with reports saying the president hopes to present an infrastructure plan to Congress early next month.
Asian markets rallied on Friday, bringing a volatile week to a positive end as tech firms extended their rebound while investors tracked advances on Wall Street following reports Donald Trump is planning to unveil a big-spending public works plan.
Global equities have struggled this week, hit by profit-taking, fears over the progress of a probe into Russia’s US election meddling, stumbling Brexit talks and Trump’s recognition of Jerusalem as Israel’s capital.
The issues had overshadowed news that Senators had passed a market-friendly US tax overhaul bill and were preparing to hammer out a compromise with the House of Representatives.
Traders were given a positive lead from New York, where all three main indexes ended higher, with reports saying the president hopes to present an infrastructure plan to Congress early next month.
