Asia-Pacific markets traded mostly higher on Tuesday, following gains on Wall Street overnight as optimism grew around Alphabet’s advances in artificial intelligence and the prospect of a Federal Reserve interest rate cut next month.
The recovery in big tech was fuelled by confidence in Alphabet’s position in the AI race after the company unveiled its upgraded model, Gemini 3, late last week.
By 11:40 am AEDT (12:40 am GMT), regional benchmarks were mixed. Australia’s S&P/ASX 200 was flat, South Korea’s Kospi 200 gained 1.5%, and Japan’s Nikkei 225 added 0.75%.
On the data front, South Korea’s Composite Consumer Sentiment Index (CCSI) for November 2025 increased to 112.4, marking a slight 2.6-point rise from October.
Wall Street provided a strong lead overnight, with all major U.S. benchmarks closing higher. The Dow Jones Industrial Average rose 0.4%, the S&P 500 gained 1.6% and the Nasdaq Composite jumped 2.7% as tech names rebounded from a difficult month.
In commodities, Brent crude ticked up 0.3% to settle at US$62.72 per barrel. Spot gold lifted 1.7% to US$4,133.98 per ounce.
In China on Monday, the Shanghai Composite edged 0.1% higher from multi-week lows to close at 3,836.8. The CSI 300 slipped 0.1% to finish at 4,448.0.
Hong Kong’s Hang Seng Index gained 2% to 25,716.5, while India’s BSE Sensex declined 0.4% to 84,900.7.
Across Europe, markets ended mixed. The FTSE 100 eased 0.1% to 9,534.9. Germany’s DAX rose 0.6% to 23,239.2, while France’s CAC 40 slipped 0.3% to 7,959.7.
