Asian stocks extended their rally to fresh records as tech sector rebound gathered momentum. Alphabet raised $20 billion through a US bond sale, funding part of its expansive AI investment plans. The tech giant's fundraising underscores the industry's capital demands as companies compete in artificial intelligence development.

IMF Managing Director Kristalina Georgieva downplayed concerns over the dollar's recent decline, suggesting currency movements reflect normal market fluctuations. Separately, Chinese regulators advised financial institutions to reduce holdings of US Treasuries, potentially signaling a strategic shift in Beijing's approach to dollar-denominated assets.

Telecom operator Du reported full-year profits that exceeded average analyst estimates, demonstrating resilience amid regional economic challenges. The positive earnings contrast with broader market volatility as investors weigh tech sector momentum against potential monetary policy shifts and geopolitical tensions affecting global financial markets.