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STOCKS | Alphabet Lifts Capex Outlook, Asian Shares Mostly Rise

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2026-07-23 04:19:33
Alphabet again raised its capital expenditure forecast, lifting chip stocks and helping South Korean shares lead gains with a rise of more than 3%, while Japanese shares also advanced and Taiwan stocks fell. A-shares were mixed, Hong Kong stocks climbed more than 1%, and the Hang Seng Index hit a one-month high and moved back above the 25,000-point mark, according to Ming Pao.

The Hang Seng Index's 10-day moving average rose above the 50-day and 100-day moving averages.
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