Asia-Pacific markets rise after Wall Street’s tech-fueled recovery
Panoramic view of Busan, South Korea, taken at sunrise.
Alex Veprik | An | Getty Images
Asia-Pacific markets were mostly higher on Wednesday after Wall Street saw a tech-fueled recovery and cryptocurrency rally.
Bitcoin surged over 7% in overnight trading after a sharp sell-off the day before, crossing the $90,000 mark and was last trading at 91,462.
of japan Nikkei 225 It rose 0.76%, while the broad-based Topix fell 0.31%.
South Korea’s kospi It rose 1.06%, while small-cap Kosdaq rose 0.29%.
The country’s revised third-quarter GDP figures showed that the country’s economy grew by 1.8% annually, compared to 1.7% in the initial estimate. Data from the Central Bank showed Wednesday.
Australia’s S&P/ASX 200 Index gained 0.32% as the country’s third-quarter GDP data missed forecasts.
The country’s GDP rose 2.1% annually, its strongest growth since the third quarter of 2023, but fell short of the 2.2% expected by economists polled by Reuters.
Hong Kong markets were set to open lower with Hang Seng index futures at 25,965 compared to the HSI’s last close of 26,095.05.
US stock futures were little changed in early trading in Asia after major US indexes recovered losses from the previous session.
Overnight in the US, the Dow Jones Industrial Average gained 0.39%, the S&P 500 gained 0.25% and the Nasdaq Composite gained 0.59%.
—CNBC’s Sean Conlon and Pia Singh contributed to this report.
