The MSCI Asia-Pacific Index experienced a notable rise, climbing by 0.9% to its highest point since December of the previous year. Over the course of this week, the index has increased by 2.5%, setting it on track for the largest weekly gain since September.
Technology stocks, including major players like Tencent, Alibaba, and Xiaomi, played a significant role in driving Friday's upward movement. These companies contributed substantially to the index's performance, highlighting the strong influence of the tech sector on market trends.