GLOBAL MARKETS-Asia Shares Extend Tech Rally, Yen Under Pressure

GLOBAL MARKET – SYDNEY. Asian share markets rose on Monday tracking tech-driven gains on Wall Street, while the yen wallowed at all-time lows against the euro and Swiss franc as higher interest rates at home did nothing to deter speculative sellers.

Turnover was sparse in what is a holiday-shortened week for much of the world but the path of least resistance was higher ahead of delayed data that is forecast to show the U.S. economy had continued to grow strongly in the third quarter. Median forecasts tip annualised growth of 3.2%, due in part to a sharp pullback in imports after a run-up earlier in the year ahead of the introduction of tariffs.