Asia-Pacific markets mostly rose Thursday, after Wall Street gained on hopes the Federal Reserve could cut interest rates next week following weaker-than-expected jobs data.
The Nikkei 225 popped 1,163.74 points, or 2.3%, to 51,028.42.
Industrials and tech stocks led gains on the Nikkei index. Shares of Japan’s Fanuc skyrocketed more than 12%. The industrial robot maker announced a partnership with Nvidia on Tuesday, which sent shares up 6.51% that day.
Shares of tech-focused investment giant SoftBank rallied for a second straight day. The stock jumped more than 9%.
Japanese chip equipment maker Lasertec rallied for a third consecutive session, rising 6.24%. Renesas Electronics jumped more than 10% after California-based semiconductor company SiTime Corp was reportedly in talks to acquire the Japanese chipmaker’s timing unit. A deal could value the timing business at up to $2 billion, including debt, Bloomberg said, citing people familiar with the matter.
In Hong Kong, the Hang Seng rebuilt 175.17 points, or 0.7%, to 25,935.90.
In other markets
The CSI 300 in Shanghai recovered 15.52 points, or 0.3%, to 4,546.57
In Korea, the Kospi dipped 7.79 points, or 0.2%, to 4,546.57
In Singapore, the Straits Times Index shed 19.38 points, or 0.4%, to 4,535.14.
In Taiwan, the Taiex inched higher 2.67 points to 27,795.71.
In New Zealand, the NZX 50 docked 66.92 points, or 0.5%, to 13,515.62.
In Australia, the ASX 200 added 23.26 points, or 0.3%, to 8,618.44.
