Asia-Pacific markets set to open higher, tracking Wall Street gains on tech stocks rally
CNBC·2025-09-22 23:35

Market Overview - Asia-Pacific markets experienced an upward trend, driven by a technology rally on Wall Street following Nvidia's partnership with OpenAI, which has increased investor optimism regarding the future of artificial intelligence [1] - Australia's ASX/S&P 200 index rose by 0.17%, while South Korea's Kospi increased by 0.69%, and the small-cap Kosdaq added 0.28% at the open [1] Hong Kong Market Conditions - Hong Kong's Hang Seng Index decreased by 0.34% at the open due to the impending severe weather conditions, with Super Typhoon Ragasa expected to approach the Pearl River Estuary [2] - The Hong Kong Observatory has warned that conditions will deteriorate later in the day [2] - In contrast, Mainland China's CSI 300 index saw an increase of 0.31% [2] Indian Tech Sector Focus - Indian tech stocks remain a focal point after experiencing a decline, influenced by U.S. President Donald Trump's announcement of a $100,000 visa fee for new H-1B visas, which are primarily for high-skilled foreign workers [3] - According to U.S. government data, 71% of the nearly 400,000 H-1B visas issued in 2024 were allocated to Indian nationals [3]

Asia-Pacific markets set to open higher, tracking Wall Street gains on tech stocks rally - Reportify