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Overnight Markets: Wall Street advances as tech shares rally

by Himanshu Singh on Apr 09, 2014 at 04:00

The MSCI Asia Pacific excluding Japan Index gained 0.8% to 482 as of 9:43 a.m. in Hong Kong. Hang Seng Index in Hong Kong rose 0.7% and Taiwan’s Taiex index added 0.3%. South Korea’s Kospi gained 0.1% and New Zealand’s NZX 50 Index added 0.6%. Singapore’s Straits Times Index rose 0.1% and Australia’s S&P/ASX 200 Index (AS51) advanced 1%.

Japan’s Topix index slid 1.7% as the yen traded at 101.88 per dollar. The currency strengthened 1.3% yesterday to touch a three-week high.

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How is regulation feeding the outsourcing trend?

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