DEBORAH MARCHINI, CNN ANCHOR: Wall Street's gains lifted most of the markets in Asia.</s>DAVID HAFFENREFFER, CNN ANCHOR: Dalton Tanonaka sums up the trading day from Hong Kong. Hi, Dalton.</s>DALTON TANONAKA, CNN CORRESPONDENT: Good morning, David. Good morning, Deborah. Asian markets did take their cues and powered higher on the Nasdaq's triple-digit gains. Tokyo's Nikkei average rising more than two percent, audio equipment maker Pioneer surging more than seven percent in anticipation of a strong earnings report. After the market closed, the company delivered, posting a second-quarter net profit of $31 1/2 million, and that's a surge of more than 1000 percent from the same period last year. Strong sales of DVD players and Plasma screens boosted Pioneer's fortunes. Web giant Amazon.com made its entry into the Japanese market Wednesday, its first Asian retailing venture. It will list 1.7 million books in Japanese and English at the Web site Amazon.co.jp. On the same day Microsoft announced a deal with Japanese bookseller Kino Kunia (ph), in an on-line venture that will enable consumers to download books. Hong Kong's Hang Seng index advanced 3 percent. The biggest winner in the region, South Korea, the Kospi surging 6.6 percent, fueled by hefty gains in the chip and telecom sectors. And that's the market and business day here in Asia. Back to you in New York.</s>HAFFENREFFER: All right, thank you very much, Dalton.
Asian Markets Power Higher on Nasdaq's Triple-Digit Gains