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Nikkei jumps almost 3% as tech stocks rally, leading Asia-Pacific markets higher

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Asia-Pacific markets opened higher on Thursday, tracking gains on Wall Street fueled by a tech rally.

Japan's producer price index rose 2.5% year-on-year in August, less than the expected 2.8% and the 3% reported in the previous month. The data is among the key indicators closely watched by the Bank of Japan.

This photo taken on May 2, 2024 shows a general view of the entrance to the Tokyo Stock Exchange headquarters building in the Nihonbashi area of Tokyo.was 1.41% higher and the small cap Kosdaq gained 2.53%. SK Hynix and Samsung Electronics soared over 6% and 1%, respectively. Investors will also look toward the release of Hong Kong's producer price index for the second quarter this afternoon.

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