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Asian Markets Rally on Strong US Earnings, Tech Sector Surge

Asian stock indexes climbed to record highs Friday, tracking Wall Street's advance as corporate earnings significantly exceeded forecasts. The results renewed investor confidence in the economic outlook. Resilience in US consumer spending and robust performance from technology-focused companies, particularly semiconductor manufacturers in South Korea and Taiwan, drove the broader market momentum. Despite earlier concerns about geopolitical headwinds from the Iran conflict, earnings strength proved sufficient to propel major indexes past previous records. Wall Street strategists raised full-year targets for the S&P 500 following the earnings season results. The rally reflected strong investor appetite for equities despite lingering questions about inflation readings expected in coming weeks. Institutional investors repositioned portfolios to capture gains in technology and consumer-related sectors as trading volumes remained elevated.