Asia-Pacific markets were mostly higher Wednesday as investors assess U.S.-China trade talk, after key Wall Street benchmarks rose on easing trade tensions between the two global economic superpowers.
In Japan, the Nikkei 225 lost 55.13 points, or 0.1%, to 38,128.13, giving up gains after four consecutive positive sessions
In Hong Kong, the Hang Seng popped 532.38 points, or 2.3%, to 23,640.65.
Asian chip-related stocks rose after shares of Nvidia jumped following CEO Jensen Huang’s remarks that the company will sell more than 18,000 of its latest artificial intelligence chips to Saudi firm Humain, a new AI startup owned by the country’s Public Investment Fund.
CHINA
In China, the CSI 300 gained 46.95 points, or 1.2%, to 3,943.21.
Wall Street rebounded after the U.S. and China reached a temporary truce on tariffs earlier this week. The development led to stocks surging with the Dow gaining more than 1,000 points Monday.
In other markets,
In Korea, the Kospi index took on 32.15 points, or 1.2%, to 2,640.57
In Taiwan, the Taiex Index surged 452.73 points, or 2.1%, to 21,782.87
In Singapore, the Straits Times index shed 10 points, or 0.3%, to 2,640.57
In New Zealand, the NZX 50 dipped 7.48 points, or 0.1%, to 12,779.26.
In Australia, the ASX 200 nosed ahead 10.61 points, or 0.1%, to 8,278.60