SoftBank Group shares surge 11% as Asian tech stocks rally after Wall Street rebounds

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Asian technology stocks surged Tuesday, tracking a rebound on Wall Street overnight as a sharp decline in oil prices lifted sentiment while renewed buying in chip names spilled over into Asia, following last week's bruising sell-off. South Korean chipmaker SK Hynix jumped 8.01%, while Samsung Electronics rose 5.32%. Samsung SDI climbed 6.27%. In Japan, technology investment giant SoftBank Group surged 12%, while chip-testing equipment maker Advantest gained 5.41%. Semiconductor equipment maker Tokyo Electron rose 5.88%, while Lasertec and Disco advanced 6.34% and 6.95%, respectively. The gains followed a strong session on Wall Street, where the tech-heavy Nasdaq Composite climbed 2.74%, while the S&P 500 rose 2.