Asian stocks rose, led by Japan reaching record highs amid optimism over AI and a dovish Japanese prime ministerial candidate, with tech stocks tracking U.S. gains; however, trading volumes were muted due to holidays, and concerns over U.S. government shutdown and political crises tempered risk appetite.
Asian stocks rose driven by technology and healthcare gains, with South Korea's KOSPI reaching a record high on a chip rally sparked by deals with OpenAI, while broader regional markets also advanced amid positive sector developments and US investment signals.
Most Asian stocks rose, led by tech shares buoyed by U.S. market strength and AI demand, but concerns over U.S.-China trade tensions and soft economic data kept investors cautious, with regional markets showing limited gains amid ongoing trade and economic uncertainties.
US stocks closed mixed on Tuesday, with the Nasdaq Composite leading gains in the tech sector. The Dow Jones Industrial Average lagged behind as doubts emerged about the Federal Reserve's plans for rate hikes. Job openings in October showed a slowdown in labor market demand, with the number of openings decreasing compared to previous months. Bank executives expressed caution about the economy and predicted a soft landing, while Moody's downgraded China's credit outlook due to rising debt levels and lower economic growth.