AI, tech recovery, Nikkei 225, Hang Seng Index

Asia-Pacific markets opened higher on Tuesday as Wall Street’s tech stocks rallied following a rebound in Google parent company and Fed rate cut hopes.

Optimism about Alphabet’s position in the AI ​​race began last week after the tech giant announced its upgraded AI model, Gemini 3. The stock closed up 6.31% on Monday. Other AI-related stocks, such as broadcom And Micron TechnologyThe rise followed a broader recovery that began Friday when the New York Fed president left the door open for a rate cut in December.

Japan’s reference point Nikkei 225 While the index rose 1.14% in early trading, the Topix index rose 0.7%.

Artificial intelligence-related stocks were among the top gainers on the Nikkei 225, with semiconductor test equipment supplier cutting edge transaction rose 4.8% and chip equipment maker Lazertec added 2.75%. Tokyo Electron, which provides basic chipmaking equipment to foundries that produce Nvidia chips, gained 2.39%.

South Korea’s Kospi index rose 2.39%, while the small-cap Kosdaq rose 1.7%. Index heavyweights SK Hynix And Samsung Electronics increased by 5% and 4% respectively.

Australia’s ASX/S&P 200 pared back earlier gains to remain above the horizontal line.

of hong kong Hang Seng Index rose 1% in early trading and Hang Seng Technology index It increased by 1.74%. The mainland’s CSI 300 index rose 0.53%.

U.S. stock futures were little changed in early trading in Asia.

Overnight, the S&P 500 index closed at 6,705.12 points, with a 1.55% increase, and the Nasdaq Composite index closed at 22,872.01 points, with a 2.69% increase. This was the tech-heavy index’s best day since May 12, when it rose 4.35%. The Dow Jones Industrial Average rose 202.86 points, or 0.44%, to 46,448.27 points.

— CNBC’s Sean Conlon and Yun Li contributed to this report.