Asia-Pacific markets climbed at the open on Tuesday, with tech companies across the region buoyed by a rally in semiconductor stocks on Wall Street overnight.
By 11:25 am AEDT (12:25 am GMT) the ASX 200 added 0.4%, the Kospi 200 gained 1.2% and the Nikkei 225 lifted 1.1%.
In the U.S., the Dow Jones Industrial Average eased 0.1%, while the S&P 500 lifted 0.6% and the Nasdaq Composite gained 1.2%.
Nvidia posted gains of 3.4% after Foxconn announced record fourth-quarter revenue. Taiwan Semiconductor Manufacturing Company also reached a record high, adding 5.5% as optimism surrounding the tech sector continued to drive investor sentiment.
Among the top performers on the S&P 500, Micron Technology surged 10.5%, Super Micro Computer jumped 9.4%, and Teradyne rose 7.2%.
On the downside, Axon Enterprise dropped 5.1%, Palantir Technologies fell 5%, and Essex Property Trust lost 4%.
Meanwhile, Asian markets saw mixed results, with the Shanghai Composite Index in China down 0.1% to 3,206.9 and CSI dipping 0.2% to 3,769.
Hong Kong’s Hang Seng Index also ended lower, declining 0.4% to 19,688.3.
India’s BSE SENSEX slipped 1.6% to 77,965.
European markets, in contrast, closed on a positive note. The U.K.’s FTSE 100 Index rose 0.3% to close at 8,249.7. Germany’s DAX advanced 1.6% to 20,216.2, while France’s CAC 40 surged 2.2% to end the session at 7,445.7.