GLOBAL MARKETS-Stock Indexes Gain with US Technology Shares, Yen Strengthens

GLOBAL MARKET - NEW YORK. Stock indexes rose on Monday, with U.S. technology shares leading Wall Street higher, as investors sought bargains in markets beaten down last week, while the yen strengthened following the resounding election win of Japanese Prime Minister Sanae Takaichi.

U.S. technology shares extended Friday's gains after last week's sharp selloff. Software names in particular were pressured the previous week by concerns that artificial intelligence could intensify competition and squeeze margins.