Asian stocks tracked Wall Street’s gains after dip buyers returned following a brief pullback in technology shares, and signs of a resilient US labor market lifted sentiment.
MSCI’s regional stock gauge rose 0.9%, with Hong Kong and Japan among the gainers. Contracts for the Nasdaq 100 index fell as much as 0.3% after Qualcomm Inc., the largest maker of smartphone processors, became the latest chipmaker to deliver an upbeat forecast and still leave investors underwhelmed. Its shares retreated 2% in late trading. Futures for the S&P 500 fell 0.2%.