Asian markets climb as AI trade continues to drive Wall Street higher

Asia-Pacific markets opened higher on Tuesday, after AI trading sent major Wall Street indexes higher overnight.

Nvidia shares rose more than 1% after Reuters said the company plans to begin shipments of its H200 chips to China by mid-February. Micron Technology climbed about 4%, while Oracle advanced more than 3%.

Australia’s S&P/ASX 200 index rose 0.46% in early trading, on track for a fourth straight day of gains.

from Japan Nikkei 225 rose 0.18%, while the broad-based Topix saw a larger gain of 0.37%.

South Korea Kospi climbed 0.32%, with the small-cap Kosdaq gaining 0.21%.

Hong Kong Hang Seng Index futures were at 25,909, higher than the HSI’s last close of 25,801.77.

In Southeast Asia, Singapore will release its November inflation figure, with economists polled by Reuters expecting the city-state’s inflation rate to hit its highest level in 2025.