Songdo International City scenery. Korean incheon.
Photo by Kangheewan. |Moment |Getty Images
The Asia-Pacific market rose on Wednesday after Wall Street rose behind a tech rally led by chipmakers nvidia.
Stocks of artificial intelligence Darling moved nearly 3% ahead, extending profits on Monday, pushing Nvidia’s market cap for the first time since January to drive Microsoft’s market cap. Chip companies Broadcom and Micron Technology rose more than 3% and 4% respectively.
The Korean market has made profits in the region and trade resumed after opposition leader Lee Jae Myung was elected president.
The Kospi Index hit 1.57% to 10 months high, while the small Kosdaq rose 1.06%.
In Japan, benchmark Nikkei 225 The day started 0.83% higher, but the wider Topix index rose 0.47%.
Australia’s S&P/ASX 200 added 0.54% in early trade. Economists voted by Reuters expect GDP to rise 1.5% year-on-year for the first quarter of 2025 (second half of that day) from 1.3% in the last quarter.
Hong Kong’s Hangsen index futures were 23,397, pointing to a weaker open compared to the end of HSI’s final 23,512.49.
U.S. futures have changed little after Wall Street rose at high-tech rallies and better-than-expected employment reports.
Overnight state, extensive base S&P 500 Index Added to close 0.58% at 5,970.37, Dow Jones’ industrial average ended at 214.16 points (0.51%) and 42,519.64. Nasdaq composite rose 0.81% and settled at 19,398.96.
– Lisa Kailai Han and Sean Conlon of CNBC contributed to this report.
