Asian Markets Update: Nasdaq Rebound Boosts Most Bourses - TheStreet

TOKYO -- Heartened by the


recovery, most of Asia's major stock markets ended in positive territory Thursday.

Japan was the major exception, as the

Nikkei 225

closed down 49.8, or 0.3%, at 16,099.3. An

earnings warning from PC maker


(DELL) - Get Report

weighed on the shares of


(SNE) - Get Report




. The


index, which includes all shares listed on the

Tokyo Stock Exchange

, fell 4.8, or 0.3%, to 1507.4.

Sony closed down 110 yen, or 1%, at 10,650 ($97.34) and NEC finished down 45 yen, or 1.8%, at 2470.

Sanyo Electric

closed up 29 yen, or 2.9%, at 1047, after announcing it would work with

Lucent Technologies


to develop third-generation wireless phones for the U.S.

Telcos put in a mixed performance, as

Nippon Telegraph & Telephone


surged 80,000 yen, or 7.2%, to 1.18 million and wireless operator


ended down 30,000 yen, or 0.9%, at 3.28 million.

The dollar lately traded at 109.40 yen, up from 108.74 yen Wednesday.

Other Asian markets were lifted by buoyant technology shares following the Nasdaq's rebound. Hong Kong's

Hang Seng

index rose 305.8, or 1.9%, to finish at 16,184.7; Taiwan's


index rose 31.7, or 0.5%, to end at 6029.7; and South Korea's


index closed up 8.4 points, or 1.4%, to 606.8, despite a surprise move by the central bank to hike interest rates by 25 basis points to 5.25%.