Asian markets rise on Wall Street’s momentum as AI advances

AI News


November 6, 2025 (MLN): Asian markets rose on Thursday, mirroring Wall Street’s overnight gains, as AMD’s strong results boosted investor sentiment for artificial intelligence (AI) stocks.

In Japan, the Nikkei Stock Average rose 1.45% and the TOPIX index rose 1.11%, supported by the strong performance of AI-related companies and semiconductor companies.

Advantest, a major supplier to Nvidia, rose 3.73%. Renesas Electronics rose more than 4%. Semiconductor equipment maker DISCO rose 4.59%.

In South Korea, the Kospi index pared its early gains following a weak market and traded near flat, while SK Hynix, another NVIDIA supplier, rose 3.11%. However, the Kosdaq fell 0.52%, reversing its previous gains.

Australia’s S&P/ASX 200 index rose 0.28%, led by modest gains in technology and financial stocks.

Meanwhile, Hong Kong’s Hang Seng index rose 0.72%, while China’s CSI300 index was little changed in early trading.

Chinese self-driving car startups WeRide and Pony.ai stumbled in their debuts in the Hong Kong market, dropping more than 12% and nearly 8%, respectively. Both companies are already listed in the US

Pony.ai raised HK$6.7 billion (approximately $860 million) through its IPO, while WeRide secured HK$2.4 billion, according to exchange filings.

In India, the Nifty 50 index edged up 0.1% and the BSE Sensex rose 0.29% in early trade, extending the week’s uptrend.

Elsewhere, U.S. stock futures were mostly stable in early trading in Asia after the U.S. Supreme Court expressed skepticism about former President Donald Trump’s tariffs and AI stocks rebounded after a valuation-led slide earlier in the week.

On Wall Street, the Dow Jones Industrial Average rose 225.76 points, or 0.48%, to 47,311.00, the S&P 500 rose 0.37% to 6,796.29, and the Nasdaq Composite Index rose 0.65% to close at 23,499.80.

Copyright Metis Link News



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *