Asia-Pacific markets mostly rose Wednesday, after Wall Street traded mixed on hopes that the record-setting U.S. government shutdown could be nearing an end and AI trade stumbling.
In Japan, the Nikkei 225 recovered 220.38 points, or 0.4%, to 51,063.31
SoftBank Group shares fell as much as 10% Wednesday after the company said it sold its entire stake in U.S. chipmaker Nvidia for $5.83 billion, as the Japanese giant looks to capitalize on its “all in” bet on ChatGPT maker OpenAI.
Shares of SoftBank closed 3.46% lower at 21,910.
In its earnings report, SoftBank said it sold 32.1 million Nvidia shares in October, and also trimmed its T-Mobile position, raising $9.17 billion.
In Hong Kong, the Hang Seng leaped 226.32 points, or 0.9%, to 26,922.73.
In Taiwan, Foxconn, the world’s largest contract electronics maker and Nvidia supplier, said Wednesday that its third-quarter profit jumped 17% from a year earlier, driven by growth in its artificial intelligence server business.
In other markets
The CSI 300 in Shanghai shed 6.26 points, or 0.9%, to 4,645.91.
In Korea, the Kospi took on 44 points, or 1.1%, to 4,150.39
In Singapore, the Straits Times Index progressed 26.71 points, or 0.6%, to 4,568.91
In Taiwan, the Taiex zoomed 162.14 points, or 0.6%, to 27,047.08
In Australia, the ASX 200 dipped 19.26 points, or 0.2%, to 8,799.53.
In New Zealand, the NZX 50 restocked 67.18 points, or 0.5%, to 13,671.73.
