Asia-Pacific markets rise, tracking Wall Street gains, as AI-linked stocks rebound

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 rose 1.34% to close at 50,883.68, while the Topix index climbed 1.38% to end at 3,313.45. Japanese artificial intelligence-related companies rose: Advantest, which supplies testing equipment to Nvidia, rose 3.15%, chipmaker Renesas Electronics gained over 3%, while chip equipment maker Disco Corp advanced more than 6%.

South Korea’s Kospi index climbed 0.55% to end at 4,026.45. Shares of Nvidia-supplier SK Hynix closed 2.42% higher. The small-cap Kosdaq fell 0.41% to close at 898.17.

Australia’s ASX/S&P 200 was up 0.3% at 8,828.3.

Hong Kong’s Hang Seng Index jumped 2.12% to 26,485.9, while the mainland’s CSI 300 rose 1.43% to 4,693.4.

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 fell 0.1%, while the BSE Sensex index was flat.

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.