Asian Markets: Foxconn, rumored maker of Apple's tablet reader, soars in Hong Kong

Updated

Shares in Asia climbed higher today with Japan's Nikkei adding 1.8 percent to close at 10,239. Hong Kong's Hang Seng rose 0.5 percent to end the day at 21,999 and China's Shanghai Composite Index edged up 0.3 percent to 2,980.

Hong Kong-listed mobile phone-making behemoth Foxconn International Holdings (FXCNF) leaped 6.7 percent. Rumor has it that Apple's soon-to-be-released tablet computer -- Apple's answer to the Kindle -- will be built by Taiwan-based Foxconn Technology Co. Ltd., according to reports on macobserver.com. Foxconn Technology owns 75 percent of the Hong Kong phone-maker and rose 4 percent in today's trading in Taiwan. The e-reader will reportedly feature a 10.4-inch screen.

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