Asian stock markets jumped on Wednesday as strong earnings and a resurgence of demand for tech lifted Wall Street to record peaks, while hopes for progress on opening the Strait of Hormuz dragged on oil prices and bond yields.

Asian shares advanced, mirroring a Wall Street rally fueled by technology stocks. The yen stabilized after intervention-driven gains, while oil prices declined amid easing Middle…

SYDNEY: Asian stock markets jumped on Wednesday (Aug 5) as robust earnings and renewed appetite for tech propelled Wall Street to record highs, while hopes for progress on opening…