AI, tech, Nikkei 225, Hang Seng Index, CSI 300

Most Asia-Pacific markets rose on Thursday, after Wall Street rose on hopes the Federal Reserve will cut interest rates next week following weaker-than-expected jobs data.

Payroll processor ADP reported that private companies laid off 32,000 workers in November, compared with 47,000 additions in October, and well below the 40,000 increase expected by economists polled by Dow Jones.

Markets are anticipating an 89% chance of a rate cut when the Fed meets on Dec. 9-10, much higher than rate-cut bets just two weeks ago, according to the Fed. CME FedWatch tool.

And in Asia, Japan standard Nikki 225 The index rose 1.77%, and the Topix index advanced 1.81%.

Industrial and technology stocks led gains on the Nikkei index. Japan stocks Fanuc It rose more than 12%. Industrial robot maker Announce Partnership with Nvidia on Tuesday, sending shares up 6.51% that day.

Shares of the technology-focused investment giant Softbank It rose for the second day in a row. The stock jumped more than 8%.

Japanese chip equipment maker Lasertech It rose for the third session in a row, rising 6.5%. Renesas Electronics It jumped more than 9% after the California-based semiconductor company Seatime Company It is reportedly in talks to acquire the Japanese chipmaker’s timing unit. The deal could value the timing business at up to $2 billion, including Bloomberg debt He saidciting people familiar with the matter.

South Korea Cosby The index fell by 0.64%, while the Kosdaq small-cap index fell by 0.12%.

Australia’s ASX/S&P 200 rose 0.19%.

Hong Kong Hang Seng Index It added 0.19%, and the CSI 300 added 0.28%.

India Stylish 50’s The BSE Sensex advanced 0.27%, while the BSE Sensex rose 0.22%. The Indian rupee opened at a record low of 90.4 to the dollar, marking the third consecutive day it has hit an all-time low.

shares IndigoShares of the country’s largest airline fell as much as 3% after it canceled several flights since Monday. IndiGo attributed the disruptions in the past two days to unexpected issues such as adverse weather conditions and increased congestion, as well as the implementation of updated menu rules, Reuters I mentioned.

Flight disturbances It is said The cyclones continued for a fourth day, with a Bengaluru airport spokesman saying that 73 IndiGo flights were canceled on Thursday.

overnight, Dow Jones Industrial Average The stock gained 408.44 points, or 0.86%, to close at 47,882.90 points. the Standard & Poor’s 500 Its trading increased by 0.30% to end the day at 6,849.72, while the Nasdaq Composite It added 0.17% to settle at 23,454.09.

Stocks with exposure to AI trading were the biggest drag on major US indices on Wednesday in the US, following information I mentioned Microsoft It was reducing sales quotas for software associated with artificial intelligence.

Other major technology names, including Nvidia and Broadcomcausing the broad-based S&P 500 index to decline.

Microsoft refuted the allegations in the report, which led to the stock recovering slightly in after-hours trading.

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