Seoul skyline.
Mongkol Chuewong |Moment |Getty Images
The Korean Kospi index rose nearly 3% to reach an all-time high lifted by the profits of heavyweight Samsung Electronics and SK Hynix.
Samsung Electronics and SK Hynix shares each announced a partnership with Openai to supply memory chips late Wednesday.
Meanwhile, the Cosdaq went up 1.05% to close at 854.25.
South Korea’s consumer price index rose 2.1% year-on-year in September, exceeding the 2% expected by Reuters polls. The latest reading compares to the 1.7% growth in August.
Japanese benchmark Nikkei 225 The index rose 0.87% to close the session at 44,936.73, while Topix fell 0.24% to 3,087.4.
Australia’s ASX/S&P 200 surged 1.13% to close at 8,945.9.
Hong Kong Hangsen index Altitudes ranging from 1.61% to 27,287.12. Stocks Zijin Gold It surged above 14% to close at HK$137.5, earning profits for the second consecutive day since its trading debut on Tuesday. The Hang Seng Tech index rose 3.36% to 6,682.86.
Markets in China and India were closed on holidays.
US stock futures have changed little after the S&P 500 recorded a fresh Wednesday state side as traders bet that the US government shutdown would be short-lived.
The closure is expected to last at least three days, and the Senate is scheduled to close Thursday’s state session for Yom Kippur, but traders are betting that the shutdown could last almost two weeks.
Overnight, the broad market index closed at 6,711.20, up 0.34%. Previously, it had reached a new all-time high. The NASDAQ Composite rose 0.42% to 22,755.16, but the Dow Jones Industrial Average rose 43.21 points (0.09%) to finish at 46,441.10.
– CNBC’s Pia Singh and Sean Conlon contributed to this report.
