Asian stocks are rising amid betting on Chinese technology companies

Asian stocks, powered by US economic data that have alleviated the fear of the recession, in addition to renewal of betting on Chinese technology companies. Japanese indicators have recorded excellent performance, an increase of more than 1%, while stock markets in Australia and South Korea also achieved profits. Future indicators have shown that the Hong Singh index in Hong Kong could open more than 2% on Tuesday, after US shares rose for the second consecutive day, thanks to the rise of the shares of industrial and energy sectors. The recovery of Chinese technology companies, although the recent economic data has not changed much of the expectations of traders in the US federal reserve, but mixed retail sales data has given a little rest because it showed that the spending of US consumers did not see a collapse. The recovery of the shares of Chinese technology companies listed in New York also contributed to giving a positive tendency for trading Asian markets, after the Beijing briefing on Monday regarding the promotion of consumption. The S&B 500 and Nasdac 100 index rose by about 0.6% on Monday, as small stock profits were greater than the decline in the shares of the seven big ones. “The corrections that take place in a emerging market are often considered good purchasing opportunities,” says David Livkovic, of the UBS Global Wealth Manegement. He added: “The increase in political uncertainty affected the market, at a time when the positions of investor and morals were very large, but we believe that many of these have now been corrected.” The Bank of Japan orientations remained the return of US Treasury effects for ten years without change, after falling by one base point to 4.30% on Monday, while the Bloomberg index of the dollar was stuck. The shares of the largest Japanese trade companies have seen a recovery, after ‘Berkshire Hathaway’ increased its share in these businesses. The Central Bank of Japan is expected to uphold the interest rate at 0.5% on Wednesday at the end of a two -day meeting, according to the economists recorded in the “Bloomberg” poll. One of the most important issues on which the Governor of the Bank of Japan will focus on Kazu Awaida and members of its board of directors is the increasing concern about the prospects for the global economy as a result of the increase in trade tensions. “Bank of Japan needs to carefully monitor sharp profits for returns,” said Jonky Euhashi, chief economist at Sumitomo Mitsoy Trust. He added: “So the focus is on Oida’s statements on this when he talks to the briefing.” The profits of technical enterprises in China, and stock investors focus on future profits of technology companies, including Xiaomi, whose results will be announced on Tuesday. Chinese stock markets have seen this year the performance of world markets this year, thanks to the shares with high technology stocks of the artificial intelligence model “Deep Seck”. The company “Byd” has also unveiled a new electric car system, which says it will send quickly, almost equal to the time it takes to load the traditional car into fuel. US retail sales in February with less than expected, and the previous month -data were reviewed. However, sales of the dominant group – which includes expenses to the commodity spending accounts for GDP – increased by 1% last month to reflect the direction of the previous decline. A sense of waiting and anticipation may appear by policymakers this week as they will give the first assessment of how Donald Trump followed the economy. As Federal Reserve officials are expected to maintain interest rates on Wednesday, the market’s attention will focus on the updated economic expectations of officials, as well as a press conference of the Federal Reserve Chairman Jerome Powell to get indicators on the future direction. Meanwhile, oil prices stabilized after two days, as the expectation of the Chinese economy and geopolitical risks in the Middle East is focused. While the gold has settled more than $ 3000 per ounce.