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

Investors will also look toward the release of Hong Kong's producer price index for the second quarter this afternoon.

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. "AI is not about a chip. AI is about an infrastructure," the founder of the artificial intelligence chip powerhouse said at the Goldman Sachs Communacopia + Technology Conference in San Francisco.

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. The central bank has signaled it intends to further raise interest rates in coming months.

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