06:35 AM EDT, 10/16/2026 (MT Newswires) -- Asian stock markets largely rebounded Friday after Wall Street's tech-heavy Nasdaq composite index stabilized overnight, and traders looked for relative values after a week of bear moves in the sector.

Hong Kong, Shanghai and Tokyo finished in the green, as did most other regional exchanges.

Brent crude traded down 0.5% to 105.38 during Asian market hours.

In Japan, the Nikkei 225 opened higher and gained ground, finishing up 1.4% as traders waded back into AI- and semiconductor-related issues and recent declines.

The benchmark Nikkei 225 rose 898.34 to 65,324.29, as gaining issues outnumbered losers 193 to 29.

Leading the upside was consultancy BayCurrent, up 17.3% after reporting Q2 results, while entertainment house Toho declined 2.3%.

In Hong Kong, the Hang Seng Index opened higher and held ground, closing up 0.5% on strength in tech and property shares.

The broad gauge Hang Seng rose 124.11 to 24,186.83, as gaining issues outnumbered losers 60 to 33. The Hang Seng TECH Index gained 1.2% on the day, while the Mainland Properties Index rose 2.9%.

Leading the upside was computer-maker Lenovo, gaining 8%, while China Life declined 2.9%.

On the mainland, the Shanghai Composite rose 0.2% to 3,716.28.

On the other regional exchanges, the S. Korean KOSPI rose 2.1%; the Taiwan TWSE inclined 0.3%; the Australian ASX 200 inclined 1%; and the Singapore Straits Times Index rose 0.2%. Trading floors in Bangkok were dark on holiday.

In late trading in Mumbai, the Sensex was up 0.6%.

The MSCI All Country Asia Pacific Index rose 1.2% on the day.

In other news, Indonesia's Jakarta Market Index slumped 11.6% after index-maker and financial services firm MSCI said the nation is no longer worthy of "emerging market" status, reported The Straits Times.

The MSCI has revealed plans to remove Indonesia from a suite of indexes tracked by money managers, which could reduce passive money flows into Indonesian stocks.

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