Asian stocks, excluding Shanghai, rise despite Wall St. decline and tech stock underperformance.
Asian shares rise despite Wall St. decline, following a week of tech stock underperformance. Asian markets, excluding Shanghai, perform well, with Hong Kong's Hang Seng leading the region with a 1.8% increase. Tech stocks in the S&P 500 lose 7.3% in this week's performance, marking their worst performance since March 2020. Asian markets remain optimistic amid concerns of high interest rates affecting tech stocks.
April 21, 2024
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