• Asian stocks are set to gain Friday, fueled by the global rally in equities that’s seen share markets from the US to Europe and Japan hit all-time highs.
  • Australian shares opened higher, while futures pointed to gains in China. Japanese markets are closed Friday for a public holiday. The bullish mood continued on Wall Street overnight, with a buoyant outlook for Nvidia Corp., the most valuable chipmaker, helping it surge 16% amid artificial-intelligence mania, while fresh data showed the world’s largest economy is still going strong.
  • While most Asian markets are likely to end the week by following Wall Street’s lead higher, in China concern is lingering over an economic slowdown that’s starting to look entrenched. There’s no signs of a pick-up in the struggling housing market, with data published Thursday showing the number of foreclosed properties for sale in China rose at a faster pace in January.