Asian shares make tepid recovery on tech rally

Asian shares rose on Friday after robust US housing data supported a late tech-driven rally on Wall Street, with investors picking up the pieces a day after a broad regional index posted its biggest daily loss in more than three months. US stocks ended positive in choppy trade on Thursday, led by a dogged comeback in the technology sector, having initially sold off on higher-than-expected unemployment claims. MSCI’s broadest index of Asia-Pacific shares outside Japan was 0.4 per cent higher, after slumping 2.15 per cent a day earlier, its biggest daily drop since June...