Asian Markets Update: Nasdaq's Rally Thursday Boosts Tech Shares

TOKYO -- Asian equity markets ended the week on a positive note, as the Nasdaq Composite Index's rally Thursday buoyed tech shares. Tokyo's market was closed for a holiday.

As Japanese investors enjoyed a three-day weekend, elsewhere in the region bank and telecom issues were snapped up alongside technology stocks.

In Hong Kong, the Hang Seng index rose 302.6, or 2%, to 15,594.1, as China Mobile(CHL Quote) rose HK$1.65, or 3.3%, to 51.25 ($6.57) and HSBC(HBC Quote) surged HK$3.50, or 3.1%, to 116.50. Internet firm Pacific Century Cyber Works (PCW Quote) rose HK$0.20, or 3.5%, to 5.95. ...