"Global Markets React to Tech Rally and Await Nonfarm Payrolls"

Asian stocks rose, led by technology-heavy indexes following a rally on Wall Street, but gains were tempered by caution ahead of key U.S. data and the Federal Reserve's stance on interest rate cuts. Weakness in Chinese markets persisted, while positive cues from strong earnings by tech giants like Amazon and Meta Platforms boosted regional tech stocks. Japanese gains were held back by losses in major bank stocks due to fears of exposure to U.S. property market headwinds. Traders are awaiting U.S. nonfarm payrolls data, which is expected to influence the Federal Reserve's plans for potential interest rate cuts.