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Overnight Markets: US stocks climb as technology shares rally

by Himanshu Singh on May 13, 2014 at 04:46

The MSCI Asia Pacific Index gained 1% to 139 as of 10:40 a.m. in Tokyo. Japan’s Topix (TPX) index jumped 1.6% and South Korea’s Kospi index rose 0.8%. Australia’s S&P/ASX 200 Index advanced 0.8%, while New Zealand’s NZX 50 Index added 0.6%. Taiwan’s Taiex Index rose 0.7%. Markets in Malaysia, Singapore, Thailand and Bangladesh are closed for a holiday.

Hong Kong’s Hang Seng Index advanced 0.5% after jumping the most in seven weeks yesterday on optimism state reforms will boost equity markets. The Shanghai Composite Index gained 0.1%.

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