Shares in Asia Advance, Led by Hong Kong Tech: Markets Wrap

Asian stocks advanced led by a rally in Hong Kong technology shares, while hopes of lower US interest rates pushed the region’s currencies to the highest level in five months against the greenback.

A gauge for Asian shares climbed on Monday, following their best week in over a year. Equity markets in China rose, while an index for Hong Kong tech jumped the most since Aug. 9. Contracts for US equities also climbed. Meanwhile, the Bloomberg Asia Dollar Index gained as much as 0.5%, with the ringgit leading the advance.

Monday’s activity suggests ebbing concerns of a US recession and ...