06:52 AM EDT, 09/26/2024 (MT Newswires) -- Asian stock markets surged higher Thursday on tech-sector rallies following the strong Micron Technology earnings report filed late Wednesday, and after Beijing vowed more economic stimulus.

Hong Kong, Shanghai and Tokyo finished in the green, as did most other regional exchanges. Mumbai closed at a fresh record zenith.

In Japan, the Nikkei 225 opened higher on Wall Street cues and rose to the close, finishing up 2.8% as traders pushed tech shares higher after gains by US peers, and green futures on the tech-heavy Nasdaq. A softer yen aided export issues.

The benchmark Nikkei 225 rose 1,055.37 to 38,925.63, as gaining issues outnumbered losers 217 to eight.

Leading the upside was semiconductor-manufacturing equipment maker Disco, up 9.3%, while drugmaker Kyowa Kirin fell 3%.

In economic news, minutes released Thursday from the Bank of Japan policy board meeting in July revealed divisions among members on whether future interest rates hikes were necessary.

In Hong Kong, the Hang Seng Index opened higher and finished well north, up 4.2% after China President Jinping Xi said Beijing will bolster the domestic economy. In a rare move, Chinese authorities on Wednesday disclosed a plan to provide one-time cash handouts to individuals in poverty, ahead of a national holiday next week.

On the heels of monetary easing by the People's Bank of China, the nation's Politburo on Thursday vowed to stabilize its property sector and ensure necessary fiscal expenditures, according to Politburo disclosures, reported the South China Morning Post. Property issues soared in Hong Kong.

The broad gauge Hang Seng rose 795.5 to 19,924.58, as gaining issues outnumbered losers 69 to 11. The Hang Seng TECH Index gained 7.3% on the day, while the Mainland Properties Index jumped 16.5%.

Leading the upside was real estate developer Longfor, up 28.3%, while state oil-giant CNOOC fell 6.5%.

On the mainland, the Shanghai Composite rose 3.6% to 3,000.95.

On the other regional exchanges, the S. Korean KOSPI rose 2.9%; the Taiwan TWSE inclined 0.4%; the Australian ASX 200 inclined 1%; the Singapore Straits Times Index was steady, and the Thai Set declined 0.4%. In late trading in Mumbai, the Sensex was up 0.8%.