Asian stocks set to rise Friday after Wall Street tech-driven rally


Australian S&P/ASX 200 futures rose 0.17%, Japan's Nikkei 225 futures added 0.13%, while Hong Kong's Hang Seng index futures rose 0.71%.

TOKYO: Asian equities were poised to rise on Friday after a tech-driven rally on Wall Street in which the Nasdaq hit a record high despite downbeat data that affirmed the Fed's dour outlook on U.S. economic recovery.

Markets had opened lower after data showed an unexpected rise of more than 1 million in new U.S. claims for unemployment assistance, which reinforced the Fed's warning on Wednesday about the slackening of the labor market as coronavirus cases rise.

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