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) - Get Report

rose HK$1.65, or 3.3%, to 51.25 ($6.57) and

HSBC

(HBC)

surged HK$3.50, or 3.1%, to 116.50. Internet firm

Pacific Century Cyber Works

(PCW)

rose HK$0.20, or 3.5%, to 5.95.

In South Korea, the

Kospi

index rose 2.3, or 0.4%, to 560.4, as

Korea Telecom

(KTC)

rose 200 won, or 0.3%, to 71,500 ($62.89) and

Samsung Electronics

jumped 6,000, or 3.6%, to 172,000.

Taiwan's

TWSE

index also climbed 170.0, or 3%, to 5796.1, as chipmaker giants

Taiwan Semiconductor

(TSM) - Get Report

rose 5.8% to 109.50 Taiwan dollars ($3.39) and

United Microelectronics

(UMC) - Get Report

soared 5.9% to 62.50.

The dollar traded at 108.17 yen from 108.23 yen Thursday.