Equities in Asia Poised for Mixed Open After Tech Rally in US

-- Equities in Asia are poised for a mixed open after a rally in the world’s largest technology companies drove a rebound in US stocks.Russia Destroys Largest Power Plant in Ukraine’s Kyiv Region

In Asia, the yen was steady after further weakness Thursday. Traders will be monitoring the currency once more as Japanese authorities warned that it will consider all options to combat weakness in the yen after it slumped to its weakest level against the dollar since 1990. “Although we understand the relief with which this report will be received, there is nothing very encouraging contained within it — and the best that can be said is that there was ‘no new bad news’ either,” said Michael Shaoul at Marketfield Asset Management.

Wall Street projects S&P 500 members will show 3.8% annual growth in earnings per share for the first-quarter reporting period, data compiled by Bloomberg Intelligence show. That performance could at the very least offer support for a struggling and still-pricey market, assuming companies deliver as projected.

Elsewhere, oil gave up the previous day’s gains as swelling US stockpiles overshadowed the possibility of an attack on Israel by Iran or its proxies.Citigroup, JPMorgan and Wells Fargo due to report results, Friday.

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