Asian stocks rally on US tech rebound; China trade surplus hits $105B in October

Asian equities advanced following a rebound in US technology shares, while separate data showed China's trade surplus reached $105 billion in October. The US tech rebound transmits to Asian markets through risk appetite and semiconductor supply-chain sentiment, since chipmakers and hardware exporters across the region trade closely with Nasdaq-listed peers. China-specific exposure runs through the trade channel: a surplus of this size signals strong export performance and supports the renminbi, though it also intensifies trade frictions with Western counterparts and can prompt policy responses. Chinese equities, export-oriented manufacturers, and the onshore yuan are the most directly exposed, with the offshore yuan sensitive to capital flows and dollar moves. Traders should watch China's November trade data and any official commentary on export demand, as well as the next US inflation print, which will shape both Federal Reserve expectations and dollar direction.

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