Asia Stocks Poised for Gains as US Tech Rally Continues

Asia's stock markets are poised to rise on Friday after a rebound in US technology shares helped revive confidence in the AI trade.

The S&P 500 rose 1.7% and the Nasdaq 100 climbed 3.4%, with Microsoft surging 16% and adding roughly $450 billion to its value, the most by any stock in a single day.

Contractors for US equities rose in Asia as Amazon.com jumped after reporting cloud-computing revenue that accelerated for the fifth straight quarter.

The yen surged against the US dollar, with Japan's Nikkei newspaper reporting officials stepped in to prop up the nation's sagging currency.