Hong Kong and Taiwan stocks led gains in Asia on Friday as Wall Street rose overnight, ahead of key U.S. employment data.. Shares of the iPhone maker jumped 7% in extended trading, with investors now focusing on shares of Apple suppliers in Taiwan and South Korea.was still in focus as it strengthened to 152.75 against the U.S. dollar amid suspected government intervention to support the currency on Monday.
Demand for power and data centers has been taking the world by storm, and its not just the U.S. tech giants that are set to benefit, according to Goldman Sachs. The massive growth translates to an investment of nearly 800 euros in Europe's power transmission and distribution network, they added, naming stocks with over 30% upside potential on their radar.European companies are more cash-rich than they've been in recent history.
And the dividend yield differential between Europe and the U.S. is the narrowest it's ever been, making Europe more appealing, according to Goldman Sachs."In other words, Europe has rarely looked cheaper on an absolute and relative basis," it said.
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