Asia-Pacific markets opened higher on Thursday, tracking gains on Wall Street.Asia-Pacific markets opened higher on Thursday, tracking gains on Wall Street.
A view of the city skyline of Lujiazui Shanghai Center in Pudong, Shanghai, China, on March 13, 2024.
Cfoto | Future Publishing | Getty Images
Asia-Pacific markets traded mostly higher Thursday, tracking gains on Wall Street as investors shrug off a week of trade turmoil and a slew of disappointing U.S. tech earnings.
Australia’s S&P/ASX 200 traded 1.23% higher to close at 8,520.7.
Japan’s Nikkei 225 rose 0.61% to close at 39,066.53 while the Topix added 0.25% to close at 2,742.2. South Korea’s Kospi rose 1.1% to end at 2,536.75 and the small-cap Kosdaq advanced 1.28% to end the trading day at 740.32.
Hong Kong’s Hang Seng Index climbed 0.9%. Mainland China’s CSI 300 rose 1.11%.
India’s benchmark Nifty 50 was down 0.33%, while the BSE Sensex fell 0.36%.
India’s central bank is expected to cut benchmark interest rates in its policy meeting that’s underway, as it strives to stimulate a faltering economy. The decision will be out on Friday.
Overnight in the U.S., the three major indexes posted gains for the second day in a row, even as notable technology stocks Alphabet and AMD posted steep losses following earnings.
The blue-chip Dow Jones Industrial Average climbed 317.24 points, or 0.71%, to 44,873.28. The index’s gains were led by a sharp advance in Nvidia. The S&P 500 rose 0.39%, ending at 6,061.48. Meanwhile, the Nasdaq Composite added 0.19%, closing at 19,692.33.
Nvidia jumped more than 5% after server maker Super Micro Computer announced full production availability of its artificial intelligence data center with Nvidia’s Blackwell platform. Super Micro shares rose around 8% following the announcement.
— CNBC’s Sean Conlon and Sarah Min contributed to this report.