Overnight, shares of artificial intelligence player Oracle boosted major U.S. averages after Deutsche Bank reaffirmed its bullish stance on the name.
Asia-Pacific markets were set to open mixed Thursday, after Wall Street gained as Fed rate-cut hopes grew and tech stocks rebounded.
Japan’s benchmark Nikkei 225
index was set for a higher open, with its futures contract in Chicago trading at 50,155, and its counterpart in Osaka at 50,120, against the index’s Wednesday close of 49,559.07.
Australia’s ASX/S&P 200 rose 0.24%.
Futures for Hong Kong’s Hang Seng Index
Overnight, Wall Street declined as concerns about artificial intelligence valuations continued to pressure tech stocks.
Markets in Australia started the day higher, while futures data for Japan and Hong Kong indexes indicate some pessimism.
Overnight, Wall Street gained on a revived AI trade and hopes that the U.S. government shutdown would end soon.
Asia-Pacific markets were poised to open higher on Thursday, tracking Wall Street gains as strong earnings from Nvidia and Oracle…
Asia-Pacific markets are set to open higher, tracking Wall Street gains after after investors' concerns around AI disruption to…
Investors in Asia will watch out for AI-related plays in the region, as well as inflation reading out of Singapore.
