Asia-Pacific markets mostly climb after AI trade lifts Wall Street overnight
Investors in Asia will watch out for AI-related plays in the region, as well as inflation reading out of Singapore.
TL;DR
- Asia-Pacific markets opened mostly higher, following positive Wall Street performance driven by AI stocks.
- Nvidia, Micron, and Oracle shares saw increases, contributing to the tech sector's strength.
- Australia's S&P/ASX 200 and Japan's Nikkei 225 extended their winning streaks.
- Japan's Finance Minister indicated potential intervention to address the yen's sharp depreciation.
- South Korea's Kospi rose, while Kosdaq declined.
- Hanwha Ocean surged on news of potential collaboration with the U.S. Navy.
- Hong Kong's Hang Seng index fell, while mainland China's CSI 300 gained.
- New Chinese companies QingSong Health Corporation and Nuobikan Artificial Intelligence Technology saw significant jumps on their Hong Kong IPO debuts.