Hong Kong Skyline
Nikada | E+ | Getty Images
Asia-Pacific markets rose Thursday, tracking Wall Street gains after AMD’s third-quarter earnings beat lifted artificial intelligence stocks.
Investors in the region are looking to Chinese autonomous vehicle firms WeRide and Pony.ai‘s market debut in Hong Kong later in the day. Both companies are already listed in the United States.
Pony.ai set the final IPO offer price at 139 Hong Kong dollars a share, according to a filing, raising gross proceeds of HK$6.7 billion (about $860 million). WeRide raised HK$2.4 billion.
Japan’s benchmark Nikkei 225 index was up 1.45% at the open, while the Topix index climbed 0.98%.
South Korea’s Kospi index jumped 2.5%, leading regional gains and recovering from its decline in the previous session.
The small-cap Kosdaq was 2.01% higher.
Australia’s ASX/S&P 200 rose 0.58%.
Futures for Hong Kong’s Hang Seng Index pointed to a higher open, trading at 26,150, against the index’s previous close of 25,935.41.
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.