Korean equities led gains in Asia-Pacific markets on Wednesday, posting their biggest one-day gain in seven weeks as shares in technology companies rallied and investors gained confidence from Wall Street’s overnight gains.

The FTSE Asia-Pacific index traded 1 per cent higher at 156.44 in late afternoon in Tokyo. The Kospi gained 5.9 per cent to 1,157.98 on its first day of trading this week after it was closed for the Lunar New Year.