06:41 AM EDT, 04/24/2024 (MT Newswires) -- Asian stock markets largely gained Wednesday as a tech rally on Wall Street spread globally. Outlooks on earnings season results also boosted sentiments.

Hong Kong, Shanghai, and Tokyo finished in the green, as did most other regional exchanges. Broad indices in Taiwan and South Korea rose more than 2% on the day.

In Japan, the Nikkei 225 opened higher and rose to the close, finishing up 2.4% on tech-sector strength.

The benchmark Nikkei 225 rose 907.92 to 38,460.08, as gaining issues outnumbered losers 181 to 42.

Leading the upside was semiconductor maker Renesas Electronics, up 10.5%, while chemical concern Resonac fell 8.7%.

In Hong Kong, the Hang Seng Index rallied through the day, finishing up 2.2% in the global tech surge.

The broad gauge Hang Seng rose 372.34 to 17,201.27, as gaining issues outnumbered losers 71 to nine. The Hang Seng TECH Index gained 3.6% on the day, while the Mainland Properties Index rose 2.1%.

Leading the upside was garment house Li Ning, up 7.5%, while smartphone components maker Sunny Optical Technology fell back 3.8%.

On the mainland, the Shanghai Composite rose 0.7% to 3,044.82.

On the other regional exchanges, the S. Korean KOSPI rose 2%; the Taiwan TWSE inclined 0.7%; the Australian ASX 200 was flat; the Singapore Straits Times Index rose 0.6%, and the Thai Set inclined 0.3%. In late trading in Mumbai, the Sensex was up 0.2%.

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