-- Asian equities opened higher on Wednesday after a surge in chipmakers drove US stocks to yet another record-breaking session on Wall Street.Stocks Rise as Bullish Nvidia Call Boosts AI Trade: Markets Wrap
“Asian equity markets are poised for a stronger open today, boosted by gains on Wall Street,” Tony Sycamore, a market analyst at IG Australia Pty Ltd., wrote in a note. “Demand for semiconductor stocks should help the Nikkei remain in positive territory and fend off the twin concerns of surging oil prices and the fragility of the yen.”
In Asia, traders will be watching whether the buying frenzy for Chinese government debt will continue after sovereign bond futures reached a record closing high Tuesday. The benchmark 10-year sovereign bond yield lingered near the lowest level in more than two decades as mixed economic data prompted investors to take refuge in haven assets.
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