A man wearing a protective face mask walks past a screen showing the Nikkei index outside a brokerage in Tokyo March 13, 2020. — Reuters pic
While the wall of cash and central bank pledges of ultra-low interest rates for some time has been key to firing a surge across equities, global titans such as Apple, Samsung and Microsoft are miles ahead of the pack. The run-up in US tech shares has been reflected in Asia and the sector was the standout in bourses across the region.Tokyo, Seoul, Wellington and Bangkok were all higher but there were losses in Hong Kong, Shanghai, Singapore, Mumbai, Manila and Jakarta.Still, OANDA’s Edward Moya said: “With no chance that the Fed will be tightening over the next handful of years, investors continue to pile into stocks.
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