Asian Stocks Surge on Tech Rally; Europe Mixed as Luxury Names Fall

Asian stocks surged on Wednesday, led by a nearly 2% jump in South Korea's Kospi index. chipmaker Samsung was a top performer.

Japan's Nikkei 225 rose 0.6% to a 2-week high, aided by upbeat business sentiment in a Reuters survey.

Hong Kong's Hang Seng jumped 1.4% in the final hour of trading, set for a 5-day winning streak on building investment hopes.

Mainland China markets also finished higher, with the CSI 300 benchmark up 0.28%.

European stocks were mixed as luxury names like LVMH and Hermes fell on disappointing sales data. Drugmaker Novo Nordisk surged on diabetes treatment updates.