After the support message from the Beijing administration and the Fed decision, the technology-led rise continues in the Asian markets.
Technology stocks in Asia continue to rally on the new trading day. Technology stocks, which were on the rise with the support messages from the Beijing administration on Wednesday, continued to rise after the Fed’s interest rate decision and Fed Chairman Jerome Powell’s messages.
The Hong Kong Hang Seng technology index rose 11 percent. At the same time, the increase in the Hang Seng index exceeded 6 percent.
At the meeting, where financial institutions came together in China, there was a demand from government institutions to “effectively implement policies for the benefit of the markets.”
Big groups such as Alibaba and Tencent have been subject to non-stop regulatory moves over the past year. The invisibility of the end of the process was among the main factors that triggered panic sales in recent weeks.
