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Asian shares rise after AI-led Wall Street rally, AP says
The Associated Press said Asian stock indexes were mostly higher Tuesday after an AI-linked rally on Wall Street, with Seoul and Tokyo leading while oil prices fell.
- New headline Was: “US futures and Asian stocks advance following a rally on Wall Street”
- Our desk filed its story
Based on reporting by AP
Asian stock indexes were mostly higher on Tuesday after an artificial-intelligence-linked rally on Wall Street, according to The Associated Press, which said traders were also looking ahead to large U.S. corporate earnings and a Federal Reserve decision1.
AP said South Korea's Kospi closed 3.1 percent higher at 5,638.34, with SK Hynix and Samsung Electronics among the gainers, and that Tokyo's Nikkei 225 rose 1.7 percent to 63,268.37, with Advantest and SoftBank Group among the leaders1.
Hong Kong's Hang Seng and the Shanghai Composite finished lower, AP said, while U.S. futures turned slightly lower after earlier gains and oil prices fell further1.
The same AP account said Monday's U.S. session was led by Nvidia and that other AI-linked names swung as investors weighed borrowing costs for data centers, Meta Platforms' plan to sell stock, Anthropic's IPO-related disclosures and a SpaceX computing-lease deal, with Alphabet, Microsoft and Amazon due to report this week1.
