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Weekly Market Directions

Equities hit new highs on tech rally

The rally of global markets from the lows of March has been mainly an IT-driven story. This has been visible in US and Asian markets.

Line chart titled “The technology rally” comparing rebased performance of Philadelphia Semiconductor, MSCI World and MSCI Asia Pacific Information Technology from Jan-25 to May-26. Technology indices surge sharply in 2026, outpacing the broader world index.

 

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