TOKYO (Reuters) - Asian stocks rose on Wednesday after tech sector strength lifted Wall Street shares while concerns about Italy’s debt prompted investors to move into lower-risk government debt elsewhere, pushing U.S. Treasury yields down from recent highs.
MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS rose 0.7 percent. Japan's Nikkei .N225 rose 0.4 percent.
European spreadbetters predicted shares there would shake off concerns over Italian debt and open broadly higher as tech stocks globally continue to rise.
Britain's FTSE .FTSE was seen opening 0.1 percent higher, Germany's DAX .GDAXI gaining 0.2 percent and France's CAC .FCHI up 0.3 percent.
A firmer-than-expected print on first quarter growth lifted Australian stocks by half a percent.
The Nasdaq .IXIC closed at a record high for the second day in a row on Tuesday with help from the technology and consumer discretionary sectors, aided by the upbeat outlook for the U.S. economy. [.N]
But the S&P 500 .SPX dipped, with the financial sector hit by lower Treasury yields, which can reduce banks' profits.
Treasury yields fell as investors moved back into safe-haven government debt after Italy’s new Prime Minister Giuseppe Conte vowed to enact economic policies that could add to the nation’s already-heavy debt load. [US/]
On the other hand, the debt concerns caused Italian government bond yields to rise again after they had declined to one-week lows on Monday. [GVD/EUR]
“The Italian political situation will remain uncertain, and considering its potential impact on European Central Bank policy, market volatility could continue to be relatively
