HONG KONG, Oct 19 — Asian shares bounced today, led by technology names across the region and as Chinese markets clawed back ground lost after disappointing economic data, while the improved investor confidence weighed on the safe-haven dollar.
Technology stocks were at the forefront of today’s gains in Asia, in line with moves in US counterparts. The Hong Kong benchmark rose 1.26 per cent with the tech sub index jumping 2.4 per cent.Analysts said a Wall Street rally overnight which saw Apple , Facebook and Microsoft all rising was behind Asian tech share’s strong day.
The dollar lost 0.28 per cent against a basket of its major peers, falling to its lowest level in October.
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