Global Markets Soar on Tech Stocks & U.S.-China Talks; Dollar Strengthens Amid Economic Data

Global equity indexes experienced a lift on Thursday as technology stocks saw significant gains. Meanwhile, the dollar strengthened following economic data reports and anticipation of a key U.S.-China summit outcome.

Bonds showed activity as the 10-year Treasury yields slightly decreased, while oil prices surged amidst geopolitical tensions involving Iran. Political uncertainty led to a decline in Britain's pound, contrasting the dollar's continuous four-day rally buoyed by economic expectations.

In Beijing, President Xi Jinping cautioned President Donald Trump about potential risks surrounding the Taiwan issue during their two-day summit. Meanwhile, U.S. technology shares, especially in the chip sector, saw notable increases, contributing to record highs in several stock indexes.

(With inputs from agencies.)