Tech rally lifts Asian stocks; dollar firms on rate-hike bets
Technology stocks drove gains across Asia, helped by lower oil prices and hopes for US-Iran talks, while the dollar firmed as investors anticipate more Fed rate hikes to curb inflation.
Technology stocks led Asian markets higher on Tuesday, as lower oil prices improved sentiment and investors focused on US-Iran talks. The dollar also held firm on expectations that more rate hikes may be needed to curb inflation. Attention is also shifting to a high-stakes meeting between China and the United States in the coming days.