Asia-Pacific markets mixed after Wall Street’s tech-fueled recovery

Asia-Pacific markets were mixed on Wednesday, after Wall Street saw a tech-fueled rebound and a rally in cryptocurrencies.

Bitcoin It rose more than 7% to surpass the $90,000 mark in overnight trading after a sharp sell-off the day before, and was last trading at $92,980.01.

Japan Nikki 225 The index rose 1.13%, supported by technology and real estate stocks. Shares of the technology giant Softbank rose more than 5%, Tokyo Electron rose 4.44% Lasertech It was higher by 6.21%, and Renesas Electronics advanced by more than 7%. Adventist It also gained up to 5%.

Meanwhile, the broad-based Topix index fell marginally.

South Korea Cosby It rose 1.06%, while the small-cap Kosdaq index reversed gains to fall 0.14%.

Revised third-quarter GDP figures for the country indicated that the country’s economy grew by 1.8% year-on-year, compared to 1.7% in the initial estimate. Data from the Central Bank showed Wednesday.

South Korean President Lee Jae-myung also addressed the country on the first anniversary of former President Yoon Suk-yul’s failed attempt to declare martial law.

Australia Standard & Poor’s/ASX 200 It rose by 0.11% in the country GDP data for the third quarter came in below estimates.

The country’s gross domestic product grew by 2.1% year-on-year, recording its strongest expansion since the third quarter of 2023, but it was less than the 2.2% expected by economists polled by Reuters.

Hong Kong Hang Seng Index The CSI 300 opened 0.95% lower, while the CSI 300 is hovering above the flat line.

US stock futures were little changed during the early hours in Asia after major US indexes recovered some losses from the previous session.

overnight in the United States, Dow Jones Industrial Average It rose by 0.39%, while it rose Standard & Poor’s 500 It rose by 0.25% and Nasdaq Composite Advanced 0.59%

— CNBC’s Sean Conlon and Pia Singh contributed to this report.