AI trade, Nikkei 225, Hang Seng Index
A landscaped Sunset shot over Osaka towards the Dojima River, in the shot we see Osaka’s modern city skyline; This is a beautiful view of the sunset over the modern city with beautiful orange colors.
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Asia-Pacific markets rose on Tuesday after Wall Street gained thanks to resurgent AI optimism and rising hopes that the U.S. government shutdown will end soon.
In America on Monday, Nvidia Its shares led gains in the S&P 500, rising 5.8%. Other tech stocks also rose, including Google’s parent company AlphabetIt increased by 4% and MicrosoftIt ended its eight-day losing streak with an increase of 1.9%.
Japan’s reference point Nikkei 225 index increased by 0.91%, while the Topix index increased by 0.52%. AI-related stocks were among the biggest risers; holding company SoftBank was up 3.57% and chipmaker Renesas Electron was up 4.35%.
shares Orix increased by 0.49% after the Japanese financial group announced On Tuesday, Qatar’s sovereign wealth fund partnered with the Qatar Investment Authority to launch a $2.5 billion private equity fund.
The fund will invest at least 30 billion yen (about $200 million) in Japanese companies “primarily targeting business transfers, privatizations of listed companies, and breakups.” Orix said in a press release. Orix and QIA will contribute 60% and 40% respectively.
South Korea’s Kospi index continued its gains for a second day in a row, rising 1.94% on Monday after leading an AI recovery rally across the region. While Samsung Electronics, one of the heavyweights of the index, gained 4.97%, SK Hynix gained 4.62%. Small-cap Kosdaq gained 1.38%.
of Australia S&P/ASX 200 increased by 0.25%.
of hong kong Hang Seng Index The mainland’s CSI 300 index was flat, rising 0.4%.
Shares of Chinese electric vehicle manufacturer xpeng It rose more than 13% after it launched robotaxis and humanoid robots with self-developed artificial intelligence chips at the event held last Wednesday, and continued its rise for the second consecutive day. The company’s shares rose more than 16% in Monday’s session.
U.S. stock futures were little changed in early trading in Asia.
The Dow Jones Industrial Average rose 381.53 points, or 0.81%, to 47,368.63 overnight. The S&P 500 index increased by 1.54 percent to 6,832.43 points, and the Nasdaq Composite index increased by 2.27 percent to 23,527.17 points.
— CNBC’s Sean Conlon and Liz Napolitano contributed to this report.
