
Asian markets rise on SK Hynix results; Nikkei up 1.3%
Chip and AI stocks led gains in Tokyo, Shanghai and Hong Kong on Wednesday, while investors waited for the US Federal Reserve's decision.
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Chip and AI stocks led gains in Tokyo, Shanghai and Hong Kong on Wednesday, while investors waited for the US Federal Reserve's decision.
Japan's Nikkei rose 1.34% to 64,117.58 in morning trade, tracking a tech-led rally on Wall Street.
China's CSI300 and Shanghai Composite rose 0.7% and the Hang Seng Tech index 1.8% after SK Hynix reported a more than sevenfold jump in operating profit.
Markets expect the Fed to hold rates on Wednesday; consumer stocks such as Wuliangye fell on weak results.