Asia-Pacific markets traded mixed Tuesday, after Wall Street’s tech stocks rebounded on a rally in Google parent and hopes of a Fed rate cut.
Markets in Japan returned from a long weekend. The Nikkei 225 boasted slight gains of 33.64 points, or 0.1%, to 48,639.52.
AI-related stocks were among the top gainers on the Nikkei, with semiconductor testing equipment supplier Advantest trading 4.18% higher and Tokyo Electron, which provides essential chipmaking equipment to foundries that manufacture Nvidia’s chips, gained 3.05%.
However, chip foundries that manufacture Nvidia’s chips, gained 3.05%. However, chip equipment maker Lasertec gave up earlier gains, closing flat.
In Hong Kong, the Hang Seng collected 178.05 points, or 0.7%, to 25,894.55.
Kospi index advanced just a little. Index heavyweights SK Hynix fell 0.2% and Samsung Electronics rose 2.7%.
In other markets
The CSI 300 in Shanghai regrouped 42.36 points, or 1%, to 4,490.41.
In Korea, the Kospi recovered 11.72 points, or 0.3%, to 3,857.78.
In Singapore, the Straits Times Index dipped 11 points, or 0.2%, to 4,484.63.
In Taiwan, the Taiex zoomed 407.93 points, or 1.5%, to 26,912.17.
In New Zealand, the NZX 50 sank 19.42 points, or 0.1%, to 13.480.43.
In Australia, the ASX 200 picked up 11.95 points, or 0.1%, to 8,537.05.
