Asian stocks climb after Wall Street rebound led by Big Tech

Shares are mostly higher in Asia after a rally on Wall Street snapped a three-day losing streak that included the biggest drop for the S&P 500 since February

BANGKOK -- Asian shares were mostly higher on Friday after Wall Street put the brakes on a three-day losing streak with a broad stock market rally powered by Big Tech companies and banks. Shares in big semiconductor manufacturers led the advance in Asia, where almost all markets opened higher. Japan's Nikkei 225 added 2.3% to 28,084.47 and the Kospi in Seoul picked up 1% to 3,153.32, lifted by gains for Samsung Electronics and SK Hynix, which gained 2.3% and 1.3% after announcing plans to expand their investments in chip production and development. In Hong Kong, the Hang Seng advanced 1% to 27,993.06. The Shanghai Composite index gained 1.7% to 3,486.50 while Australia's S&P/ASX 200 was 0.5% higher at 7,014.20.