Thursday October 9, Nikkei 225, ASX

Asia-Pacific markets are expected to open higher on Thursday, tracking gains on Wall Street as investors shrug off fears of an artificial intelligence bubble.

Nvidia stocks rose in the United States on Wednesday after CEO Jensen Huang said demand for AI computing had “significantly” increased over the past six months. Stocks of CoreWeave also jumped after the AI ​​cloud provider unveiled new tools to help programmers develop AI agents.

The Bank of England warned on Wednesday of a “sharp market correction” if the AI ​​bubble bursts – the latest in a long list of banks and investors to speak out on the formation of an AI bubble as the fourth quarter approaches.

The reference of Japan Nikkei 225 The index was set for a higher open, with its Chicago futures contract trading at 48,250 and its Osaka counterpart at 48,160, compared to Wednesday’s index close at 47,734.99.

Australia’s ASX/S&P 200 rose 0.33%.

Futures for Hong Kong Hang Seng Index indicated a higher open, trading at 26,863, compared to the index’s previous close of 26,829.46.

South Korean markets are closed for a public holiday.

U.S. stock futures were little changed in early Asian hours after the S&P500 and the Nasdaq Composite posted new record highs Wednesday in the United States as investors shrugged off the government shutdown in its second week.

Overnight, the broad S&P 500 index climbed 0.58% to close at 6,753.72, marking its eighth winning day in the last nine. The index’s gains were led by the information technology, utilities and industrials sectors, which hit new closing highs.

The Nasdaq Composite rose 1.12% to finish at 23,043.38. This is the first time that the technology-heavy index has closed above the 23,000 mark.

However, the Dow Jones Industrial Average fell 1.20 points to end the day at 46,601.78.

— CNBC’s Alex Harring, Sean Conlon and Sarah Min contributed to this report.