Reuters
World stocks rose on Wednesday led by tech names as attention shifts to earnings from U.S. megacaps this week, while the yen was mired near 34-year lows, keeping traders wary of intervention from Japan. An after-hours surge in shares of electric vehicle maker Tesla, following its promise of new models, and upbeat earnings from some U.S. companies lifted sentiment, spurring a rally in tech stocks in Asia, where the sector rose 3.6% and Europe, where it gained 2.5%. Europe's broad STOXX 600 was 0.2% higher, as the rally in tech stocks - helped by a 10% surge in wafer maker ASM International on raised revenue forecasts - offset soft earnings from drugmaker Roche and luxury goods maker Kering, whose shares fell to their lowest since 2017.