Stocks in Asia broadly advanced on rallies in some of the world’s largest technology companies during a week that includes Federal Reserve boss Jerome Powell’s congressional testimony and China’s National People’s Congress.
Technology shares were the biggest gainers in Asia, with Taiwan Semiconductor Manufacturing Co. rising as much as 6.2% and SK Hynix Inc. climbing 5%. The blue-chip gauge Nikkei-225 Stock Average in Japan also surpassed 40,000 for the first time while South Korea’s Kospi index rose as much as 1.5%. Their advances followed the strong rallies in US peers on Friday.
