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AP National Business

Asian shares mostly higher after tech-led rebound on Wall St

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Published 1:02 AM

By ELAINE KURTENBACH
AP Business Writer

Stocks are mostly higher in Asia after a rally on Wall Street led by technology companies. U.S. futures and oil prices were mixed. On Thursday, the S&P 500 rose 2.5%, the Dow Jones Industrial Average gained 1.8% and the Nasdaq picked up 3.1%. After hours on Thursday, SEC filings showed Elon Musk sold 4.4 million shares of Tesla stock worth roughly $4 billion, most likely to help fund his purchase of Twitter. Tech investors got some relief Thursday as Facebook’s parent company soared after posting strong subscriber numbers. The volatile stock is still down sharply for the year. Chipmaker Qualcomm jumped after easily beating Wall Street’s profit estimates.

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