Thursday, October 9, Nikkei 225, ASX
Asia-Pacific markets are set to open higher on Thursday, tracking Wall Street’s gains as investors shrug off AI bubble concerns.
Nvidia Shares rose in the U.S. on Wednesday after CEO Jensen Huang said demand for AI computing has increased “significantly” in the past six months. stocks CoreWeave It also jumped after the AI cloud provider announced new tools to help programmers develop AI agents.
The Bank of England warned on Wednesday that there could be a “drastic market correction” if the AI bubble bursts; is the latest in a long list of banks and investors weighing in on whether an AI bubble is forming as markets head into the fourth quarter.
Japan’s reference point Nikkei 225 The index was set for a higher open with the futures contract in Chicago trading at 48,250 and its counterpart in Osaka at 48,160, versus the index’s Wednesday close of 47,734.99.
Australia’s ASX/S&P 200 rose 0.33%.
Hong Kong futures Hang Seng Index It was traded at 26,863 compared to the index’s previous close of 26,829.46, indicating a higher opening.
South Korean markets are closed for holidays.
US stock futures were little changed in early Asian trading S&P 500 and the Nasdaq Composite set new records in the U.S. on Wednesday as investors shrugged off the government shutdown for its second week.
The S&P 500 index closed at 6,753.72 with a 0.58% increase overnight, recording its eighth winning day in the last nine days. Gains in the index were led by the information technology, utilities and industrial sectors, which set new closing records.
The Nasdaq Composite index closed at 23,043.38 points, up 1.12 percent. The technology-heavy index closed above 23,000 for the first time.
However, the Dow Jones Industrial Average fell 1.20 points and finished the day at 46,601.78.
— CNBC’s Alex Harring, Sean Conlon and Sarah Min contributed to this report.
