Asia-Pacific markets rise after Wall Street’s tech-fueled recovery
Panoramic view of Busan city, South Korea taken on sunrise.
Alex Veprik | Moment | Getty Images
Asia-Pacific markets open higher Wednesday, after Wall Street saw a tech-fueled recovery and a cryptocurrency rally.
Bitcoin climbed over 7% to cross the $90,000 mark in overnight trading after a sharp sell-off a day earlier, and was last trading at 91,462.
Japan’s Nikkei 225 climbed 0.74%, while the broad-based Topix was flat.
Australia’s S&P/ASX 200 gained 0.3% in early trading, ahead of third-quarter GDP data.
South Korea’s Kospi was up 0.29%, while the small-cap Kosdaq rose 0.10%.
South Korea will release its revised third-quarter GDP numbers later in the day. South Korean president Lee Jae Myung is expected to address the country on the first anniversary of former President Yoon Suk Yeol’s failed martial law declaration, followed by a press conference, according to South Korean media.
Hong Kong markets were set to open lower, with Hang Seng index futures at 25,965, compared with the HSI’s last close of 26,095.05.
U.S. stock futures were little changed during early Asia hours after major U.S. indexes recovered some losses from the previous session.
Overnight in the U.S., the Dow Jones Industrial Average gained 0.39%, while the S&P 500 climbed 0.25% and the Nasdaq Composite advanced 0.59%.
—CNBC’s Sean Conlon and Pia Singh contributed to this report.
