Hong Kong Skyline
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Asia-Pacific markets rose Thursday, tracking Wall Street gains after AMD’s third-quarter earnings beat lifted artificial intelligence stocks.
Japan’s benchmark Nikkei 225 index was up 1.45%, while the Topix index climbed 1.11%. Japanese artificial intelligence-related companies rose: Advantest, which supplies testing equipment to Nvidia, was up 3.73%, chipmaker Renesas Electronics gained over 4%, while chip equipment maker Disco Corp advanced 4.59%.
South Korea’s Kospi index pared early gains to trade near the flatline, after declining in the previous session. Shares of Nvidia-supplier SK Hynix were up 3.11%. The small-cap Kosdaq reversed course, falling 0.52%.
Australia’s ASX/S&P 200 rose 0.28%.
Hong Kong’s Hang Seng Index rose 0.72%, while the mainland’s CSI 300 was flat in early trading.
Shares of Chinese autonomous vehicle firms WeRide and Pony.ai fell over 12% and nearly 8%, respectively, in their market debut in Hong Kong. Both companies are already listed in the United States.
Pony.ai raised gross proceeds of HK$6.7 billion (about $860 million) in its IPO, according to a filing. WeRide raised HK$2.4 billion.
India’s Nifty 50 was up 0.1% in early trade, while the BSE Sensex index rose 0.29%.
U.S. equity futures were little changed in early Asian hours after the Supreme Court expressed skepticism over President Donald Trump’s tariffs, and as AI stocks recovered following a sell-off on valuation concerns.
Overnight, the Dow Jones Industrial Average gained 225.76 points, or 0.48%, to close at 47,311.00. The S&P 500 rose 0.37% to finish at 6,796.29, while the Nasdaq Composite advanced 0.65% to settle at 23,499.80.
— CNBC’s Sean Conlon and Sarah Min contributed to this report.
