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Asia markets largely rise, following tech-fueled gains on Wall Street

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In a photo taken on November 4, 2019 a subway train crosses a rail bridge over the Han river, before the skyline of the Yeouido business district of Seoul.

Ed Jones | Afp | Getty Images

Asia-Pacific markets largely rose on Tuesday, mirroring similar moves on Wall Street after a tech-fueled rally.

Microsoft shares gained 2%, reaching a new 52-week high, after CEO Satya Nadella said former OpenAI chief Sam Altman will join the tech giant to lead a new AI research team.

Chipmaker Nvidia also added 2.3%, closing at an all-time high for the stock ahead of its earnings report Tuesday.

Investors in Asia will also assess South Korean producer prices for October, as well as New Zealand’s October trade figures.

In Australia, the S&P/ASX 200 extended gains from Monday, climbing 0.26%.

Japan’s Nikkei 225 was slightly lower at 0.13%, while the Topix opened 0.21% down.

South Korea’s Kospi rose 0.76%, while the small-cap Kosdaq inched 0.30% higher.

Futures for Hong Kong’s Hang Seng index stood at 17,943, pointing to a stronger open compared with the HSI’s close of 17,778.07.

Overnight in the U.S., all three major indexes posted gains, with the the S&P 500 and Nasdaq Composite recording a fifth consecutive day of gains.

The tech-heavy Nasdaq led gains, rising 1.13%, while the Dow Jones Industrial Average climbed 0.58% and the S&P 500 added 0.74%.

— CNBC’s Hakyung Kim and Pia Singh contributed to this report.

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