AI, tech, Nikkei 225, Hang Seng Index, CSI 300

Asia-Pacific markets were mostly higher on Thursday after Wall Street rose on hopes the Fed might cut interest rates next week following weaker-than-expected employment data.

Payroll processor ADP reported that private companies laid off 32,000 workers in November, compared with 47,000 in October, well below the 40,000 increase that economists polled by Dow Jones expected.

Markets price the possibility of an interest rate cut at the Fed’s meeting on December 9-10 as 89%. This rate is significantly higher than rate cut forecasts just a few weeks ago. CME FedWatch tool.

Japan’s reference point in Asia Nikkei 225 While the index gained value by 1.77%, the Topix index gained value by 1.81%.

Industrial and technology stocks led the rise in the Nikkei index. shares of japan fanuc It increased by more than 12%. industrial robot manufacturer announced A partnership with Nvidia On Tuesday, shares rose 6.51% that day.

Shares of the technology-focused investment giant SoftBank It met for the second day in a row. The stock is up more than 8%.

Japanese chip equipment manufacturer Lazertec It rose for the third consecutive session, up 6.5%. Renesas Electronics It rose more than 9% after the California-based semiconductor company SiTime Corp. The Japanese chipmaker is reportedly in talks to purchase the timing unit. A deal could increase the value of the scheduling business to as much as $2 billion, including debt, Bloomberg said in questionQuoting people who know the subject.

South Korea’s kospi The index fell 0.64 percent, while the small-cap Kosdaq fell 0.12 percent.

Australia’s ASX/S&P 200 rose 0.19%.

of hong kong Hang Seng Index 0.19% and CSI 300 up 0.28%.

of india Stylish 50 It increased by 0.27%, while the BSE Sensex index increased by 0.22%. The Indian rupee opened at a record low of 90.4 against the US dollar, marking the third day in a row that it touched an all-time low.

shares indigoThe country’s largest airline has fallen as much as 3% after canceling multiple flights since Monday. IndiGo attributed the disruptions in the last two days to unforeseen issues such as adverse weather conditions and increased traffic congestion, as well as the implementation of updated staffing rules. Reuters reported.

Flight disruptions reportedly A spokesman for the airport in Bengaluru said 73 IndiGo flights were canceled on Thursday.

The Dow Jones Industrial Average rose 408.44 points, or 0.86%, to finish at 47,882.90 overnight. S&P 500 index was traded at 6,849.72 points with an increase of 0.30%, and Nasdaq Composite was traded at 23,454.09 points with an increase of 0.17%.

AI-traded stocks were the biggest drag on major US indexes on Wednesday, following The Information reported Microsoft It was cutting sales quotas for software related to artificial intelligence.

Other notable tech names included Nvidia And broadcomsending the broad-based S&P 500 lower.

Microsoft’s denial of the allegations in the report led to some recovery in the stock in after-hours trading.

— CNBC’s Sean Conlon and Pia Singh contributed to this report.