India, Aug. 5 -- Asian stocks rose for a second consecutive session on Tuesday after a Federal Reserve official said the time is nearing for interest rate cuts.
Tech shares drove the rally after data intelligence group Palantir boosted its 2025 outlook and said its sales jumped almost 50 percent in the second quarter amid robust demand for artificial intelligence services.
The dollar remained weak near a one-week low in Asian trading and gold was little changed at $3,373 per ounce, while oil extended losses on concerns of oversupply.
Chinese and Hong Kong markets extended gains from the previous session as a survey showed a strong recovery in Chinese services activity in July, with growth hitting a 14-month high on export demand.
China'...