Asian Markets Surge on Tech Gains, Crude Oil Price Drop

Asian markets have been trading on a positive note due to gains in tech stocks and a decline in crude oil prices. The Shanghai Composite Index in China added 23 points or 0.59 percent from its previous close of 3,889.44 to finish at 3,912.52. This comes as investors remain cautious ahead of the release of PCE-based inflation readings from the U.S. and Fed Chair's speech at the Jackson Hole symposium later in the week.

The Shanghai Composite Index has seen a gain of 1.1 percent over the past year, showing steady growth despite market anxieties. The decline in crude oil prices also contributed to the positive sentiment in Asian markets.

While tech stocks are driving gains, anxiety persists ahead of key economic data releases and Fed Chair's speech, which may impact market trends.