An electronic quotation board displays the Nikkei 225 stock prices on the Tokyo stock Exchange in Tokyo on Nov. 5, 2025.
Greg Baker | Afp | Getty Images
Asia-Pacific markets opened mostly higher Tuesday, after AI trade lifted major Wall Street indexes overnight.
Nvidia shares rose more than 1% after Reuters said the company was looking to start shipments of its H200 chips to China by mid-February. Micron Technology climbed around 4%, while Oracle advanced more than 3%.
Australia’s S&P/ASX 200 rose 1.11% and is on pace for a fourth straight day of gains.
Japan’s Nikkei 225 was flat, while the broad-based Topix gained 0.56%, led by financials and healthcare stocks.
On Tuesday, Japan’s Finance Minister Satsuki Katayama reportedly said the country had a “free hand” in dealing with the yen’s recent sharp depreciation, signaling a currency intervention was not off the table.
The yen weakened sharply on Friday, despite the Bank of Japan raising interest rates to a 30-year high, hitting a low of 157.77 against the dollar before strengthening on Monday and Tuesday. It was last trading at 156.27.
Katayama said that the Japanese currency’s fluctuations do not reflect economic fundamentals, describing them as “speculative.”
South Korea’s Kospi climbed 0.43%, but the small-cap Kosdaq slipped 0.79%. Shares of shipbuilding firm Hanwha Ocean surged 10% after U.S. President Donald Trump said the company was going to work with the U.S. Navy to build its new frigates.
Hong Kong’s Hang Seng index rose 0.1%, while mainland China’s CSI 300 was up 0.35%.
Chinese newcomers lit up the Hong Kong market on their debut Tuesday, with QingSong Health Corporation and Nuobikan Artificial Intelligence Technology jumping 134% and 323%, respectively, after their strong albeit small IPOs.
QingSong Health Corporation’s Hong Kong IPO was met with overwhelming demand, with the domestic tranche subscribed 1,421 times, according to its exchange filing, raising nearly 602 million Hong Kong dollars (about $77 million). Nuobikan, saw its Hong Kong public tranche subscribed 188.74 times, raising HK$303 million.
In Southeast Asia, Singapore will release its November inflation reading, with economists polled by Reuters expecting the city-state’s inflation rate to climb to the highest in 2025.