Panoramic view of Busan, South Korea, taken at sunrise.
Alex Veplik | Moments | Getty Images
SoftBank led a rally in Japan’s tech stocks on Wednesday, trailing its Wall Street peers and pushing up the Nikkei Stock Average.
A major investment company specializing in technology Softbank The stock rose more than 6%, ending a three-session losing streak. Japanese Tokyo ElectronNvidia, which provides essential chip manufacturing equipment to foundries that make chips, rose more than 4%. chip equipment manufacturers laser tech 7% added to chip makers Renesas Electronics More than 6% progress. semiconductor inspection equipment suppliers Advantest It also rose by about 5%.
The Nikkei average led the gains in Asian markets, closing 1.14% higher at 49,864.68. The comprehensive index TOPIX fell 0.2% to 3,334.32.
Bitcoin rose more than 7% in overnight trading, recovering from a steep drop and passing the $90,000 milestone. It was trading 3% higher at $93,894.45 in Asian trading on Wednesday.
Korean Kospi rose 1.04% to 4,036.3, while the small-cap Kosdaq rose 0.39% to end at 932.01.
Data released by the central bank on Wednesday showed the country’s revised third-quarter GDP growth rate was 1.8% year-on-year, compared to an earlier estimate of 1.7%.
South Korean President Lee Jae-Myung also addressed his country on the one-year anniversary of former President Yoon Seok-yeol’s failed attempt to declare martial law.
Australia’s S&P/ASX 200 rose 0.18% to close at 8,595.2. The country’s third-quarter GDP statistics released on Wednesday were weaker than expected, but still marked the strongest growth in nearly two years.
The country’s gross domestic product (GDP) rose 2.1% year-on-year, the largest increase since the third quarter of 2023, but fell short of the 2.2% forecast by economists polled by Reuters.
hong kong Hang Seng Index fell 1.28% to 25,760.73, while the mainland CSI300 fell 0.51% to 4,531.05.
India’s Nifty 50 index fell by 0.48%, while the BSE Sensex index fell by 0.32%. The Indian rupee fell for the fifth day in a row and was trading around 0.30% lower at 90.157 rupees.
US stock futures were little changed in early Asian hours after major US indexes recovered some losses from the previous session.
Overnight in the US, the Dow Jones Industrial Average rose 0.39%, the S&P 500 rose 0.25% and the Nasdaq Composite Index rose 0.59%.
—CNBC’s Sean Conlon and Pia Singh contributed to this report.
