Most Asian markets rebound as Hong Kong tech rally resumes
stocks resumed their impressive start to the year on Wednesday as they rocketed more than three percent on the back of a surge in tech firms fuelled by fresh optimism over the sector in China.
The rally led gains across most of Asia's markets, with investors shifting back to buy mode following a poor start to the week sparked by fresh US tariff concerns.
Traders brushed off another disappointing day on Wall Street following more data showing consumers in the world's top economy were losing confidence.
The Hong Kong market climbed more than three percent and has enjoyed a blockbuster start to the year, rocketing by almost a fifth to hit its highest level since March 2022.
The rally has come as investors snap up long-neglected tech names after Chinese startup DeepSeek unveiled a chatbot last month that upended the AI universe.
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