DAVID HAFFENREFFER, CNN ANCHOR: Most of the Asian markets closed higher today, following the Nasdaq's return to the 4000 level. Lorraine Hahn has more on the day now in Asia from Hong Kong. Good morning, Lorraine.</s>LORRAINE HAHN, CNN CORRESPONDENT: That's right, David, thank you to the Nasdaq. We had a firmer day in most Asian markets. Tokyo followed the technology lead with gains in Sony; its stock up more than two percent, while NTT DoCoMo jumped 3 1/3. Overall, the Nikkei picking up 1 3/4 percent. Here in Hong Kong, the Hang Seng index climbed almost one percent, led by a rebound in the telecom sector. Turnover was thin ahead of China Unicom's listing Thursday in Hong Kong. The number-two mobile carrier says its retail portion is three times oversubscribed, which is considered by many as low compared with recent tech and telecom IPOs here. China Unicom's hoping to raise almost $5 billion, making it the largest Asian IPO ever outside of Japan. So all eyes will be on its debut later in New York, and tomorrow in Hong Kong. Finally, in South Korea, stocks were hit by a late bout of selling focused on blue-chip Pohang Iron and Steel. POSCO was battered after the government said it would put off a plan to sell its 6.8 percent stake in the firm, due to drop -- due to a drop rather in POSCO's American depository receipts. And that's a quick check from me, back to you.</s>HAFFENREFFER: All right, thank you very much, Lorraine.
Tech Rally Leads Most Asian Markets Higher