Aerial drone view of Tokyo Cityscape with Tokyo Sky Tree visible in Tokyo City, Japan at sunrise.
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Markets in Asia-Pacific were set to open mostly higher on Tuesday, tracking Wall Street’s gains on a tech rally fueled by the massive deal between Openai and AMDin one of the chipmaker giant’s most direct challenges Nvidia.
Investors in Asia will keep an eye on chip stocks in the region.
Japan Benchmark Nikkei 225 The index was forecast to open higher, with its Chicago futures contract at 48,705, and its Osaka counterpart at 48,590, versus the index’s close of 47,944.76.
Australia’s ASX/S&P 200 fell 0.18% in early trade, extending losses from the previous session.
Markets in China, Hong Kong and South Korea are closed for the holidays.
US Equity Futures were little changed in the early Asian hours on Tuesday after key benchmarks hit new record highs on Monday in the United States.
Overnight, the S&P 500 gained 0.36% to end the day at a new record high for the 32nd time this year. Meanwhile, the tech-heavy Nasdaq rose 0.71% to finish at 22,941.67, having notched its 31st high of 2025.
Shares of AMD skyrocketed nearly 24% to lift both indexes after the company announced a deal with OpenAI, which could see the latter take a 10% stake in the chipmaker.
The Dow Jones industrial average, however, fell 63.31 points, or 0.14%, to close at 46,694.97, weighed down by a decline in shares of Sherwin-Williams and Home Depot.
– CNBC’s Pia Singh, Sean Conlon and Fred Imbert contributed to this report.
