TOKYO -- Asian equity markets closed out the week Friday on a positive note, surging as technology shares were buoyed by a rallying
Nasdaq Composite Index
and healthy third-quarter earnings from Finnish telecom equipment maker
Tokyo booked the region's smallest gains as the country's 11th-largest insurer
Kyoei Life Insurance
filed for bankruptcy, but the
still finished up 387.7, or 2.6%, at 15,198.7. The
index, which includes all shares listed on the
Tokyo Stock Exchange
, rose 28.8, or 2.1%, to 1434.3.
Japanese tech shares were on fire, however, after
helped the Nasdaq charge higher Thursday.
rose 180 yen, or 8.3%, to 2,360 ($21.81),
jumped 170 yen, or 7.9%, to 2,310 and
closed up 700 yen, or 7.2%, at 10,470.
Nokia helped reignite the telecom sector, as
Nippon Telegraph & Telephone
rose 20,000 yen, or 2%, to 1.01 million and wireless operator
rose 110,000 yen, or 3.7%, to 3,12 million.
Financials, such as
Bank of Tokyo-Mitsubishi
finished down 18 yen, or 1.4%, at 1,272, burdened by Kyoei's failure.
The dollar traded at 108.20 yen from 107.90 yen Thursday.
Elsewhere, resurgent tech shares ruled the day, as Hong Kong's
index rose 622.0, or 4.3%, to 15,044.5, South Korea's
index jumped 30.9 higher, or 6%, to 545.9 and Taiwan's
index surged 323.5, or 6.4%, to 5404.8.