TOKYO -- Most Asian equity markets ended Monday solidly higher, as technology shares were buoyed by the
powerful rally last week.
In Tokyo, the
closed up 182.0, or 1.2%, at 15,512.3. The
index, which includes all shares listed on the
Tokyo Stock Exchange
, rose 11.0, or 0.8% to 1,451.4; tech shares, as expected, did much of the heavy lifting following the Nasdaq's massive 7.9% gain Friday.
rose 65 yen, or 2.9%, to 2,275 ($21.09),
surged 90 yen, or 4.1%, to 2,290 and
closed up 18 yen, or 1.8%, at 996.
Wall Street's rally had beneficial effects on the telecom sector as well, as
Nippon Telegraph & Telephone
rose 40,000 yen, or 3.8%, to 1.09 million and wireless operator
closed up 80,000 yen, or 2.6%, at 3.17 million.
The dollar was slightly higher at 107.85 yen.
Elsewhere, South Korea's stock market surged more than 7% early on, before trimming those gains by the close. The
index ended up 25.5, or 4.9%, at 550.1. Hong Kong's
index rose 292.9, or 2%, to finish the day at 14,973.4, reversing a similar percentage drop from Friday.
Taiwan's stock market was the region's major exception Monday, as the
index closed down 245.2, or 4.2%, at 5630.9. Taipei apparently had to pay the piper for being able to buck an Asia-wide negative trend Friday, as chipmakers and other techs led the market lower.