Asian stock markets experienced a broad rally on Wednesday, driven by a rebound in the technology sector and anticipation of key earnings reports from global tech giants. Investors sought bargains in tech stocks after recent declines triggered by disappointing earnings from chipmakers and concerns about rising interest rates. Tech-heavy markets led the gains, with the Nikkei 225 in Japan surging 2% and the KOSPI in South Korea climbing 1.9%. Major internet stocks lifted the Hang Seng Index in Hong Kong by 1.1%, while Chinese electric vehicle stocks followed the bounce in Tesla’s share price. Optimism prevailed ahead of earnings releases from Meta Platforms, Microsoft, and Alphabet, fueling hopes that positive results would justify the recent surge in tech valuations. Asian chipmakers, including Renesas Electronics, Tokyo Electron, and Advantest, rebounded sharply, bolstered by strong earnings from Texas Instruments and hopes for robust demand in artificial intelligence. Broader Asian markets generally advanced, although China’s Shanghai Composite and CSI 300 traded with modest gains. Australia’s ASX 200 rose slightly after trimming initial gains following consumer inflation data that exceeded expectations. Japan’s TOPIX index climbed 1%, as export-oriented stocks benefited from yen weakness ahead of the Bank of Japan meeting on Friday.