Tech Stocks Power Gains as US-China Fears Ease: Markets Wrap

Technology shares drove a broad rise in Asia’s stock markets on Friday as a plan for Donald Trump and Xi Jinping to meet eased nerves around a trade war.

An MSCI gauge of Asian shares was up around 0.5%, resuming a blistering rally this year that has pushed the index to all-time highs. Tech stocks were among the big drivers, with South Korean chipmaker SK Hynix Inc. up as much as 6.9%.

US and European equity futures also rose, partly supported by the upbeat mood. Shares in Intel Corp climbed in post-market trading Thursday in New York after an upbeat ...