Asia stocks to climb after Wall Street tech rally: markets wrap

People walk past an electronic stock board showing Japan's Nikkei 225 index at a securities firm Monday, Nov. 13, 2023, in Tokyo. Shares edged lower Monday in quiet trading in Asia ahead of a meeting this week between U.S. President Joe Biden and Chinese leader Xi Jinping. (AP Photo/Eugene Hoshiko)

MELBOURNE (Bloomberg): Equity markets across Asia were primed to advance following a tech-driven rally Friday on Wall Street, as investors look ahead to crucial US inflation data due Tuesday.

Australian shares were little changed in early trading Monday (Nov 13) while futures contracts for benchmarks in Japan and Hong Kong gained ground. The moves followed a Friday surge for the tech-heavy Nasdaq 100, which rose 2.3%, helped along by a record high for Microsoft Corp. The S&P 500 rose 1.6%. Markets are closed in Singapore and Malaysia for a holiday.