Pedestrians crossing avenue at night time in Hong Kong, China
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Asia-Pacific markets traded greater Tuesday, fueled by a tech rally on Wall Street after Nvidia introduced a partnership with OpenAI, driving investor optimism about the way forward for synthetic intelligence.
Australia’s ASX/S&P 200 rose 0.17%. South Korea’s Kospi climbed 0.69%, whereas the small-cap Kosdaq added 0.28% on the open.
Hong Kong’s Hang Seng Index was set to open greater, with its futures contract final traded at 26,396, towards the index’s earlier shut of 26,344.14. Hong Kong is bracing for a extreme storm. The Hong Kong Observatory warned that circumstances will start to worsen later Tuesday, with Super Typhoon Ragasa anticipated to make its closest strategy to the Pearl River Estuary Wednesday morning.
Japan markets are closed for the vacation.
India tech shares will proceed to be in focus after falling Monday. U.S. President Donald Trump announced late final Friday a $100,000 visa price for brand spanking new H-1B visas, that are reserved for high-skilled international employees. Of the almost 400,00 H-1B visas issued in 2024, 71% have been for Indian nationals, according to U.S. government data.
Singapore is anticipated to launch its inflation information for August later within the day.
Overnight stateside, the three main averages ended the buying and selling day greater. The S&P 500 reached new heights led by a transfer greater in Nvidia, as a partnership announcement with OpenAI fueled investor optimism about the way forward for synthetic intelligence.
The broad market index ended the day up 0.44% at 6,693.75, whereas the Nasdaq Composite jumped 0.70% to complete at 22,788.98. The Dow Jones Industrial Average climbed 66.27 factors, or 0.14%, to settle at 46,381.54. Along with the S&P 500, the Nasdaq and Dow had hit new all-time intraday highs throughout the session and closed at file highs.
— CNBC’s Sarah Min and Sean Conlon contributed to this report.