Asian markets enjoyed a positive start to the week as tech shares rallied and Chinese stocks gained momentum, bolstered by favorable manufacturing data. Concurrently, the robust performance of the U.S. dollar reflected traders’ heightened interest, despite political turbulence in Europe impacting currency dynamics.

The euro faced significant pressure due to looming instability in the French government. Prime Minister Michel Barnier grappled with a deadline to secure budget agreements or risk a no-confidence vote, causing the euro to slide further amidst unfavorable eurozone monetary policy prospects.

Market watchers are now keenly observing U.S. Federal Reserve actions, pending insights from the upcoming payrolls report. This event, coupled with a series of speeches from Fed officials, is expected to shape future interest rate decisions. Meanwhile, stocks in the U.S. hit all-time highs, providing a boost to Asian tech markets.

(With inputs from agencies.)