SINGAPORE — Shares in the Asia-Pacific were higher on Friday, led by tech stocks on the Hong Kong market.
Hong Kong’s Hang Seng index jumped 2.09% to close at 21,719.06, with the Hang Seng Tech index rising 4.05%. SenseTime was up 4.74% and Xpeng rose 7.32%.
Logistics company GoGoX fell in afternoon trade to close at 16.72 Hong Kong dollars ($2.13) after reaching 23.15 Hong Kong dollars earlier in its debut session. The stock’s offer price was 21.50 Hong Kong dollars.
In Japan markets, the Nikkei 225 advanced 1.23% to close at 26,491.97, while the Topix climbed 0.81% to 1,866.72.
SoftBank Group’s chief executive, Masayoshi Son, said on Friday that chip designer Arm was mostly likely to be listed on the Nasdaq, though the decision is not final, Reuters reported.
“Most of Arm’s clients are based in Silicon Valley and … stock markets in the U.S. would love to have Arm,” Son said at the company’s annual general meeting, according to Reuters. Softbank shares rose 2.37%.
Mainland Chinese markets rose. The Shanghai Composite gained 0.89% in the afternoon to close at 3,349.75, and the Shenzhen Component was 1.369% higher at 12,686.03.
South Korea’s Kospi gained 2.26% to end the session at 2,366.6, and the Kosdaq advanced around 5% to 750.3.
The S&P/ASX 200 in Australia rose 0.77% to close at 6,578.7. The New Zealand market is closed for a holiday on Friday.
MSCI’s broadest index of Asia-Pacific shares was up 1.32%.
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