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The skyline of Hong Kong is a stunning backdrop, captured beautifully in photos by Nikada from E+ via Getty Images. On Thursday, markets across the Asia-Pacific region saw an upswing, reflecting the positive momentum from Wall Street. This rally was primarily driven by Advanced Micro Devices (AMD) surpassing expectations with its third-quarter earnings, giving a boost to stocks in the artificial intelligence sector.
In Japan, the Nikkei 225 index experienced a significant rise, climbing 1.34% to close at 50,883.68. The broader Topix index also witnessed a growth of 1.38%, ending the day at 3,313.45. Companies involved in artificial intelligence saw notable gains, with Advantest, a key supplier of testing equipment to Nvidia, increasing by 3.15%. Renesas Electronics, a prominent chipmaker, saw its shares go up by over 3%, and Disco Corp, which manufactures chip equipment, surged more than 6%.
Meanwhile, in South Korea, the Kospi index rose by 0.55%, closing at 4,026.45. SK Hynix, a supplier for Nvidia, saw its shares rise by 2.42%. However, the smaller-cap Kosdaq index experienced a decline, falling by 0.41% to settle at 898.17.
Australia’s market also showed positive movement, with the ASX/S&P 200 climbing 0.3% to finish at 8,828.3.
South Korea’s Kospi index climbed 0.55% to end at 4,026.45. Shares of Nvidia-supplier SK Hynix closed 2.42% higher. The small-cap Kosdaq fell 0.41% to close at 898.17.
Australia’s ASX/S&P 200 was up 0.3% at 8,828.3.
Hong Kong’s Hang Seng Index jumped 2.12% to 26,485.9, while the mainland’s CSI 300 rose 1.43% to 4,693.4.
Shares of Chinese autonomous vehicle firms WeRide and Pony.ai fell over 12% and nearly 8%, respectively, in their market debut in Hong Kong. Both companies are already listed in the United States.
Pony.ai raised gross proceeds of HK$6.7 billion (about $860 million) in its IPO, according to a filing. WeRide raised HK$2.4 billion.
India’s Nifty 50 fell 0.1%, while the BSE Sensex index was flat.
U.S. equity futures were little changed in early Asian hours after the Supreme Court expressed skepticism over President Donald Trump’s tariffs, and as AI stocks recovered following a sell-off on valuation concerns.
Overnight, the Dow Jones Industrial Average gained 225.76 points, or 0.48%, to close at 47,311.00. The S&P 500 rose 0.37% to finish at 6,796.29, while the Nasdaq Composite advanced 0.65% to settle at 23,499.80.
— CNBC’s Sean Conlon and Sarah Min contributed to this report.
