Highlights 

  • Asia-Pacific markets ended mixed as US tech stocks lifted sentiment. 
  • Alphabet’s shares surged after unveiling its upgraded Gemini 3 AI model. 
  • AI-related semiconductor stocks in Japan and Korea saw notable movements. 
  • Hong Kong and mainland China equity indexes trimmed earlier gains. 
  • US futures were steady after a positive Wall Street session. 

Asia-Pacific markets traded mixed on Tuesday as a rebound in Wall Street’s major tech names lifted overall sentiment. The turnaround in US markets was powered largely by Alphabet (NASDAQ:GOOGL), which gained 6.30% on Monday after unveiling its upgradedAImodel, Gemini 3. The enhanced model renewed confidence in Alphabet’s positioning within the accelerating AI landscape. 

The rally extended to other AI-linked names in the US, including Broadcom (NASDAQ:AVGO) and Micron Technology (NASDAQ:MU). Their rise followed comments from the head of the New York Federal Reserve, who suggested the possibility of a December interest rate cut — a development that markets have been anticipating since late last week. 

Japan, South Korea and Australia Reflect Varied Moves 

Japan’s Nikkei 225 closed nearly unchanged at 48,659.52, while the Topix slipped 0.21% to 3,290.89. AI-related stocks featured prominently among top movers. Semiconductor testing specialist Advantest rose 4.18%, and chipmaking equipment supplier Tokyo Electron climbed 3.05%, both benefiting from renewed global demand expectations tied to AI hardware needs. Lasertec, however, lost earlier gains and ended flat. 

South Korea’s Kospi advanced 0.3% to 3,857.78, while the small-cap Kosdaq ended flat at 856.03. Among key movers, SK Hynix dipped 0.19%, whereas Samsung Electronics gained 2.69%, continuing its upward momentum from the previous week. 

In Australia, the S&P/ASX 200 edged 0.14% higher to 8,537 in a volatile session. 

Mainland China and India Trade Near Flatlines 

India’s benchmark Nifty 50 remained nearly flat in early trade, inching down 0.38%, while the BSE Sensex fell 0.37%. 

Meanwhile, US equity futures were largely steady in early Asian hours, following a session where the S&P 500 gained 1.55% to 6,705.12, the Nasdaq Composite jumped 2.69% to 22,872.01 — its best day since mid-May — and the Dow Jones Industrial Average added 0.44% to 46,448.27. 

Conclusion 

Asia-Pacific markets reflected a cautiously optimistic tone, supported by a tech rebound in the US and growing expectation of a potential Fed rate cut. AI-related stocks continued to shape market sentiment across the region. As global macro signals evolve, regional markets are expected to respond closely to shifts in US monetary policy and technology sector momentum. 

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