Asian Shares Rise on Amazon and Apple Earnings
Asian shares saw a consecutive seventh-month rise, buoyed by strong earnings from Amazon and Apple. Amazon's shares soared by 13% and Apple by 2.3%, boosting Wall Street futures. Despite mixed results from tech giants and ongoing central bank decisions, Asian markets ended the week positively.
Asian shares are poised to mark a seventh straight month of gains, driven by robust earnings from tech giants Amazon and Apple. This optimism has lifted Wall Street futures, with the Nasdaq futures jumping 1.2% and S&P 500 futures up by 0.6% following Amazon's substantial market value increase.
Amazon's shares surged by an impressive 13% after reporting stellar earnings, significantly boosting its market value. Apple also pleased investors with a 2.3% rise when its iPhone sales projections exceeded expectations, balancing out concerns over other tech firms like Meta and Microsoft's massive AI spending.
This global market overview reveals a mixed picture for tech megacaps and captures optimistic sentiment across Asian markets, despite some drag from Chinese stocks and ongoing geopolitical dynamics such as the U.S.-China trade discussions.
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